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Podcast: Kotak Market Mantra
Episode: Commodity Catch-up With Ravindra Rao | 24th April 2023
Description: Highlights of this week's Commodity Podcast:1. Renewed fears of a lingering recession in the U.S. weighed on global risk sentiments last week.2. The U.S. Dollar Index ended the week pretty flat near 101.70.3. Prospects of further rate hikes in the U.S. and global inflation concerns, pushed U.S. treasury yields higher, in turn weighing on non-yielding bullion.4. COMEX Gold plunged to $1980.9/witnessing second consecutive weekly loss. Silver also saw losses.5. With FOMC meeting in focus and rising prospects of higher rates, we don’t deny the odds of some pullback in gold prices during the near term.6. Crude oi...