Want to create an interactive transcript for this episode?
Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 23rd Oct 2023
Description: Commodity Market Analysis and Outlook - 23rd - 27th October, 2023:• The Israel-Hamas conflict has been dominating headlines, causing significant upheaval in global markets.• Amid this turmoil, the U.S. dollar managed to remain above the 106 level, although it faced pressure after recent comments from Fed Chair Powell were perceived as dovish.• In terms of economic data, US retail sales advanced by 0.7% in Sept. 2023, manufacturing production rose by 0.4%, and industrial production increased by 0.3% in September, surpassing expectations.• Notably, the robust economic data pushed the yield on US 10-year notes to a 16-year high of 5.001%.• In the commodities market, COMEX Gold saw a 2.43% we...