Weekly Base Metal Write Up : metal prices are projected to stay high Says Mr. Saish Sandeep Sawant Dessai, Angel One
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is Weekly Base Metal Write Up by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd
According to the report, China's consumer inflation dropped to its lowest level since September 2021 in March, indicating that demand weakness persists despite an uneven economic recovery.
The dollar fell as data indicated that US consumer prices rose less than expected in March, raising expectations that the Federal Reserve will likely stop hiking rates after a probable increase in May.
Furthermore, the minutes of the Fed's most recent policy meeting revealed that policymakers projected that the banking sector's stress would cause the economy to enter a recession.
OUTLOOK: With China showing indications of demand recovery and the expectation that the US Fed will cease raising interest rates after a 25-basis-point increase in May, metal prices are projected to stay high
Please refer disclaimer at https://www.angelone.in/
SEBI Regn. No.: INZ000161534
Above views are of the author and not of the website kindly read disclaimer
Tag News
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
