Highlights of this week's Commodity Podcast:

  • Commodities ended the volatile week with losses as U.S. inflation print and FOMC meeting minutes revived expectations of another interest rate hike.

  • The widely watched CME Fed Watch tool now assigns a 97% probability to a 75 basis point rate hike in the November FOMC meeting.

  • The US dollar index is yet to break above the recent highs set near 114.78 and till that holds it can be vulnerable to corrective dips.

  • COMEX Gold witnessed worst weekly close since August amid steady U.S. Dollar and rising treasury yields.

  • Demand concerns might weigh on crude oil prices for the week. - Global growth outlook remains bleak and with inflation at higher levels, further downgrades cannot be ruled out.

  • Except copper, LME base metals traded lower on serious demand concerns.

  • CPI data around the globe, especially in the UK and Eurozone, might keep markets volatile.

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