Commodity Market Analysis and Outlook - 19th Dec - 23rd Dec 2022
Highlights of this week's Commodity Podcast: • It was a volatile week as commodities moved between gains and losses driven by major fundamental events. • U.S. CPI inflation stood at 7.1% in November, the lowest since December 2021. • The Fed raised rates by 50-bps. • Gold and silver registered a new 5-month and 7-month month high, respectively, as moderation in inflation print pressured the U.S. dollar. • Hawkish sounding Fed gave the dollar a push from lower levels. • WTI Crude oil recovered from this year’s low of $70.08/bbl. This happened as price recovered on supply tightness coupled with the fall in dollar. • All nonferrous metals witnessed profit taking amid recessionary fears as central bankers maintained the hawkish tone. • Focus for the week would on the U.S. data prints and Fed’s preferred inflation gauge Core PCE for more hints on economic situation. #commoditymarkets #commodities #commoditytrading #stockmarket #kotaksecurities #technicalanalysis #podcast Kotak Securities is a preferred choice of millions of customers when it comes to investment decisions. With free access to credible research, competitive pricing and high-speed trading platforms such Kotak Neo Mobile app, Kotak Neo Web Platform and NEST, it makes investing an effortless journey for both new investors and experienced traders. To open a FREE demat and trading account with Kotak Securities, please click here: https://www.kotaksecurities.com/ Disclaimer: bit.ly/longdisc ----------------------------------------------------------------------------------------- 💲 Open Free Demat & Trading Account Now: https://bit.ly/3NPvwxt 📱 Download The Kotak Neo App: https://kneo.onelink.me/ssEO/social ----------------------------------------------------------------------------------------- To watch more videos on Stock Updates, ▶️ Subscribe to Kotak Securities & hit the 🔔 to watch our videos first. 🌐 LEARN MORE ABOUT STOCKS: https://www.kotaksecurities.com/ ------------------------------------------------------------------------------------------ FOLLOW US FOR STOCK UPDATES ON: Telegram - https://t.me/KotakSecurities Twitter: / kotaksecurities Instagram: / kotaksecurities LinkedIn: / kotak-securities Facebook: / kotaksecurities ------------------------------------------------------------------------------------------ Customer Service: 1800 209 9191 We hope you enjoy your investment experience with us. If you have any other questions, please feel free to email our support team.
