Want to create an interactive transcript for this episode?
Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast With Ravindra Rao | 29th May 2023
Description: Highlights of this week's Commodity Podcast: • Pending US debt ceiling deal, serious concerns about pace of Chinese economic rebound coupled with uncertainty regarding Fed rate outlook, all limited global risk appetite this week • Dollar closed the week near two months high at 104.2 as Core PCE price index, Fed’s preferred inflation gauge, rose 0.4% in April compared to the previous month, higher than expected 0.3%, it climbed 4.4% yoy • COMEX Gold slipped to two months low of $1936/oz and closed 1.7% lower, its third weekly loss as higher treasury yields outweighed haven bids owing to the US debt crisis. Stronger dollar, despite a serious threat o...