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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast With Ravindra Rao | 19th Dec 2022
Description: 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 recov...