Want to create an interactive transcript for this episode?
Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast With Ravindra Rao | 12th June 2023
Description: Commodity Market Analysis and Outlook - 12th June - 16th June, 20231. The U.S. Dollar failed to breach the important resistance level and was down almost 0.5% in the previous week.2. An unexpected surge in the U.S. jobless claims and weak U.S. ISM Services PMI added to the dollar’s weakness. Hawkish comments from ECB president further weighed on the greenback.3. COMEX Gold registered a second weekly gain as weak U.S. PMIs raised the odds of a Fed rate pause in the June FOMC meeting.4. Markets are now pricing in a 76% probability that the Fed will leave interest ra...