2024-06-24 03:35:28 pm | Source: Emkay Global Financial Services
Perspective by Ms.Riya Singh - Research Analyst, Commodities and Currency , Emkay Global

Below the Perspective by Ms.Riya Singh - Research Analyst, Commodities and Currency , Emkay Global
The report includes the following :
- Gold: Prices influenced by US economic data and Middle East tensions. Markets pricing in over 60% chance of Federal Reserve rate cuts.
- Silver: Prices rose despite the Federal Reserve's hawkish surprise. Weak US economic data keeps prospects for two rate cuts this year alive.
- Copper: Prices dropped over 6% due to increased production and changing weather patterns. Notable rise in LME inventories and record-high copper exports from China.
- Crude Oil: Prices rose for the second consecutive week as demand surged. Market sentiment improved since OPEC+ announced plans to increase production.
- Natural Gas: Prices dropped over 6% due to increased production and shifting weather patterns. Stockpiles rose 7 billion cubic feet (Bcf) for the week ended Mar 15.
- USDINR: The Indian Rupee lost momentum due to the rise in crude oil prices and potential intervention from the Indian central bank.
- US Dollar: The US dollar was firm due to the Federal Reserve’s steady policy stance and dovish positions of other central banks.
- EURUSD: The pair remained under bearish pressure due to disappointing PMI data from Germany and the Eurozone.
- GBPUSD: The pair lost 0.5% due to declining inflation expectations and potential policy shifts by the Reform Party.
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Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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