Highlights of this week's Commodity Podcast:
• Commodities witnessed solid gains in the previous week.
• U.S. inflation print triggered selling in U.S. Dollar and 10-year bond yields. The U.S. Dollar index fell 1.6% in the previous week.
• COMEX Gold rose to a nine-month high of $1,925 per troy ounce.
• COMEX Silver also closed near a nine-month high of $24.77 per troy ounce amid broad rally in industrial metals.
• Both Brent and WTI Crude Oil, closed the week with more than 8% gains, boosted by Chinese demand optimism.
• Natural gas prices have plummeted almost 25% since the start of this year, mainly due to the warmest start to winter in 20 years.
• In the U.S., the focus will be on retail sales, producer price inflation, whereas in China market participants will be looking for GDP data.
• Dollar weakness might persist, as market participants are ramping up bets that the Bank of Japan will exit it’s ultra-dovish stance.
#commoditymarkets #commodities #commoditytrading #stockmarket #kotaksecurities #technicalanalysis #podcast