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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 18th Sept 2023
Description: Highlights of this week's Commodity Podcast:• In the past week, we witnessed some exciting developments in the commodities market. WTI Crude oil, for instance, crossed the significant $90 mark, and towards the week's end, we observed a notable short-covering rally in precious metals• Global markets also experienced a boost, thanks to proactive efforts by Chinese regulators to stimulate domestic consumption. However, the persistent pressure of US inflation somewhat limited gains across various sectors• In the US, the annual inflation rate continued to accelerate for the second consecutive month, reaching 3.7% in August, up from 3.2% in July. Conversely, core inflation moderated for the fifth...