Share Market Weekly Commodities Fundamental Report

Share Market Weekly Commodities Fundamental Report – 7 July 2023

10 July 20231 min read by Angel One

Gold: Gold prices initially rose due to weaker U.S. dollar and Treasury yields, driven by uncertain economic readings and the Federal Reserve’s hawkish policy outlook. However, concerns about a prolonged rate hike cycle and a stronger dollar caused gold prices to decline. The release of the Federal Reserve’s meeting minutes confirmed expectations of higher interest rates, further weighing on gold.

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Share Market Weekly Commodities Fundamental Report – 7 July 2023

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