Highlights of the Commodity Podcast:
Commodities rise for a second straight week as the U.S. dollar corrects further on Fed debate.
Bullion, base metals, and energy all ended higher with zinc and silver coming out as the best performers.
The U.S. dollar index fell for a second week on Fed's interest rate decision and disappointing GDP data.
The Fed raised interest rate by 0.75%, in line with expectations; Fed Chair says central bank may slow down for some time.
U.S. GDP fell 0.9% in Q2 after a 1.6% decline in the first quarter.
Gazprom PJSC cuts natural gas supplies via Nord Stream to the European Union to about 20% of the pipeline’s capacity.
The Politburo, the Communist Party’s top decision-making body, urged efforts be made to “strive for the best outcome” for economic growth.
Japan will allow local authorities to invoke countermeasures against the spread of COVID.
Key events for this week are the U.S. non-farm payrolls data, Bank of England's interest rate decision, and manufacturing and PMI data from the U.S. and Europe.