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Brent Crude falls below $85/bbl | Market volatility to continue? | Peter McGuire on global market cues

Brent crude fell below $85/bbl for the first time since August. This has caused demand worries. The crude's drop was followed by a plunge in gasoline after the U.S. data showed stockpiles surge and demand fall. Where is Crude headed? Will markets remain volatile? In an exclusive conversation, Peter McGuire, the CEO of XM-Australia joins Moneycontrol's Nickey Mirchandani in a conversation, he said he sees more upside for gold; continues to eye the dollar index and higher interest rates, he added that further hike or more consideration for fed rate hikes which could acts as dampener for equities. Ask traders to be very mindful of where interest rates and their impact as far as from an inflation standpoint. Watch!

first published: Oct 6, 2023 03:21 pm