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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast With Ravindra Rao | 3rd July 2023
Description: Highlights of this week's Commodity Podcast:1. The Dollar Index, that traded as high as 103.50, fell on Friday and closed the week flat gaining by just 0.05%2. Resilient economic data from the U.S. have defied fears of a recession, though it added more room for the Fed to continue with rate hikes3. The Fed's preferred inflation gauge rose 0.3% month-on-month, in line with forecasts and below 0.4% in April. 4. COMEX Gold witnessed a good recovery on Friday after hitting a low near $1900/oz in the midweek5. As compared to gold, silver has shown some steadiness as the recent fall was overdone. The white...