Weekly Commodity Podcast With Ravindra Rao | 19th Dec 2022

Highlights of this week's Commodity Podcast: • It was a volatile week as commodities moved between gains and losses driven by major fundamental events. • U.S. CPI inflation stood at 7.1% in November, the lowest since December 2021. • The Fed raised rates by 50-bps. • Gold and silver registered a new 5-month and 7-month month high, respectively, as moderation in inflation print pressured the U.S. dollar. • Hawkish sounding Fed gave the dollar a push from lower levels. • WTI Crude oil recovered from this year’s low of $70.08/bbl. This happened as price recovered on supply tightness coupled with the fall in dollar. • All nonferrous metals witnessed profit taking amid recessionary fears as central bankers maintained the hawkish tone. • Focus for the week would on the U.S. data prints and Fed’s preferred inflation gauge Core PCE for more hints on economic situation. #commoditymarkets #commodities #commoditytrading #stockmarket #kotaksecurities #technicalanalysis #podcast