Ravindra Rao

FOMC meeting minutes, Fed’s preferred PCE price index and preliminary PMIs from US, UK and Eurozone will be in focus for the coming week.

Any dovish tilt in Fed comments might be an upside trigger for gold prices next week

FOMC and ECB will be in focus next week, both widely expected to deliver a 25 bps rate hike. We expect gold prices to ease a bit ahead of the FOMC, as Fed might reiterate higher rates for longer and no rate cuts in 2023. Having said that, any dovish tilt in comments might be an upside trigger for gold prices.

Volatility to persist in commodities in run up to central bank meetings

As of now, economically sensitive commodities are struggling for direction as participants assess the latest inflation data and await more data before the major central bank meetings in the first two weeks of May.

More evidence of easing price pressures in US to support risk appetite of commodities amid recession worries

Chinese economic data’s will be keenly awaited as continued expansion in economic activity may hint towards first signs of an even recovery.

COMEX gold may near all-time high of $2,089 if US labour market slows down

Investors will watch out for extended weakness in inflation and retail sales from the US next week, both of which slowed in February.

Renewed investor optimism supports risk sentiment, US data to guide commodities market

The oil market will track the OPEC+ meeting, though no changes in production quotas are expected. Markets will also react to US economic data if the banking crisis remains contained

Commodity investors wary of uncertain macro-economic environment

Risk off has returned with fresh concerns about Deutsche Bank. Also, the US probe on whether financial professionals at UBS and Credit Suisse helped Russian oligarchs circumvent sanctions will add to the uncertainty and keep investor confidence fragile

Wild swings to continue in commodities as fear dominates market sentiments

Market sentiments remain fragile as the fears of a financial crisis are still far from being contained yet and hence volatile moves cannot be ruled out.

Commodities may see further volatility given the release of crucial data points next week

If Chinese retail sales and industrial production manage to show green shoots of recovery, it may revive demand optimism and cushion commodities.

Commodities might extend gains next week on hopes of Chinese recovery and stimulus

US unemployment data and Fed Chair Jerome Powell’s testimony will be closely watched for policy hints ahead of the FOMC meeting due on March 22.

Commodities may take cues from second estimates for US Q4CY22 GDP next week

Most importantly, FOMC meeting minutes and Core PCE, Fed preferred inflation gauge, will be closely watched to see if price pressures have continued to moderate after it eased to 4.4 percent YoY in December.

Commodities likely to remain subdued next week as all eyes on US labour report, manufacturing PMI numbers

Next week, commodities are likely to remain subdued as investors will closely watch US labour report and manufacturing PMI figures for hints on economic activity in December. Also, FOMC meeting minutes will keep investors wary in the first trading week of 2023.

Volatile trade may continue in commodities as market players shift focus from Fed to other central banks

The key indicator for movement in commodities will be non-farm payrolls data next week which will reflect on the health of the labour market. Crude oil's incessant rise has also caused nervousness in the larger financial market and we may see more volatility as OPEC and allies will meet to decide their future production policy.

Still too soon to call an end to gold's bull run, this may just be a pause: Ravindra Rao of Kotak Securities

The pandemic crisis is far from over and large-scale vaccination may take time. The recovery seen in the global economy in the last few months is largely dependent on the virus situation as well as government stimulus measures.

Six expectations from Budget 2021 for Commodity market by Kotak Securities

The focus of Budget 2021-2022 could be largely to mend the economy and boost growth and fight inflationary pressures. While the economy came under pressure, the commodities market was also not left unaffected.

Sell crude & copper: Ravindra Rao

Watch the interview of Ravindra Rao of Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Here are Ravindra Rao's commodities ideas

Watch the interview of Ravindra Rao, AVP-Commodity Research at Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Sell copper and crude: Ravindra Rao

Watch the interview of Ravindra Rao, AVP-Commodity Research at Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Here are Ravindra Rao's views on commodities market

Watch the interview of Ravindra Rao, AVP-Commodity Research at Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Crude oil – Too non-volatile to be true

Money managers boosted their bets on rising West Texas Intermediate prices to a record on speculation that OPEC and its partners would ease the global supply glut.

Here are Ravindra Rao's views on commodities market

Watch the interview of Ravindra Rao, AVP-Commodity Research at Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Here are Ravindra Rao's views on commodities market

Watch the interview of Ravindra Rao, AVP Commodity Research at Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Here are Ravindra Rao's views on commodities market

Watch the interview of Ravindra Rao of Anand Rathi Commodities with Manisha Gupta on CNBC-TV18. He speaks about the current trends in the commodities market.

Here are Ravindra Rao's views on commodities market

Watch the interview of Ravindra Rao, AVP commodity research at Anand Rathi commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.

Time to be cautious on gold given too many events

From an Indian investor‘s point of view, this week will be more important as the RBI‘s monetary policy is due.