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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 25th Sept 2023
Description: Highlights of this week's Commodity Podcast:• As predicted in our audiocast last week, we witnessed some notable movements in the commodities market. • Silver rallied impressively, gaining around 2.20%, while NYMEX WTI crude oil reached a new high, finding strong support at the $88 per barrel mark.• Market sentiments faced a significant challenge as the Federal Reserve, in its September policy meeting, reiterated its commitment to maintaining "higher for longer" interest rates.• COMEX Gold faced a decline, touching a one-week low at $1933.1/oz. In contrast, silver extended its gains and traded near $24 per troy ounce, buoyed by increased holdings in iShares.• WTI Crude oil, it ex...