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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 9th Oct 2023
Description: Highlights of this week's Commodity Podcast:• Elevated bond yields and the enduring strength of the U.S. dollar continued to exert downward pressure on commodities last week.• On the economic data front, the U.S. ISM Manufacturing PMI for September showed positive trends, while ISM Services growth remained robust. Nonfarm Payroll data pleasantly surprised by exceeding expectations.• These factors underscore the U.S. economy's resilience to interest rate hikes and reinforce the Federal Reserve's commitment to maintaining higher interest rates for an extended period.• Gold prices experienced a second consecutive weekly fall as 10-year bond yields surged past 4.8%. Silver too witnesse...