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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 28th Aug 2023
Description: Highlights of this week's Commodity Podcast:In a much-anticipated address at the Jackson Hole symposium, Federal Reserve Chair Jerome Powell acknowledged the progress made in mitigating inflation from its peak last yearHe also emphasized that inflation remained "too high," suggesting that interest rates could remain elevated for an extended period, leaving room for additional rate hikesAs expected, Powell highlighted that economic growth and labor market conditions would be closely monitored when making policy decisionsAfter reaching to 2007 highs US Treasury yields retreated following softer-than-expected PMI data, prompting a resurgence in gold prices, which saw a weekly gain for the first time...