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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast With Ravindra Rao | 19th June 2023
Description: Highlights of this week's Commodity Podcast:1. An eventful week with interesting developments relating to Fed hikes ended, weakening the dollar and supporting commodities2. Optimism regarding more stimulus measures from China also supported economically sensitive commodities3. The U.S. dollar slipped to one month low of 102 on the back of weak economic data from U.S. and hawkish ECB policy outcome4. Gold weakened post the FOMC meeting, as the Federal Reserve delivered a “hawkish skip", but it closed the week with modest declines. Spot Gold is expected to trade in a consolidated range of $1985-$19305. Spot silver might take resistance at $24.40. A...