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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 11th Sept 2023
Description: Highlights of this week's Commodity Podcast:• Last week, the attention returned to China's real estate troubles and increasing bets on more Fed rate hikes.• The US dollar index surged to a six-month high, reaching 105 levels.• The US 10-year treasury note yield edged closer to 4.3%, supported by a surprising drop in US weekly jobless claims to their lowest point since February.• COMEX Gold prices faced downward pressure throughout the week, driven by encouraging US economic data. COMEX Silver also saw a 5.50% decline during the week.• Worries about rising inflation may continue to bolster the US dollar, potentially exerting further downward pressure on gold pr...