As Commodities Traders Prepare for Powell, Know what to Expect

    Bloomberg News reports for the present week, Jerome Powell takes centerstage for the commodities. The chief of the Federal Reserve is slated to unleash yet another rate hike, and this rate hike could put more pressure on crops, metals, and energy.




    It is feared that if there is a stronger anti-inflation measure from the United States and the other central banks, it is likely that it will not just give rise to a squeeze demand but will trigger a rise in the dollar, which is battering the commodity market already. Just ahead of Powell’s rate surge Wednesday, the market found an opening with extreme caution, with gold at a two-year low, metals being steady, and crude paring manifesting loss for three weeks at a stretch.

    According to Capital Economics analysts, a bulk rate surge is quite likely at prices in the markets, but it is believed that a lid on the prices could still be there while stating the same in a note.

    A lot is happening elsewhere. Leaders in Europe are planning to combat the energy crisis while Germany is mulling nationalization. As far as meat demand is concerned, the United States will be offering the latest insight. Besides, key conferences are scheduled all over copper in Barcelona, the climate in Pittsburg and New York, and gold in Denver. Another aspect that might be in focus is UN General Assembly since geopolitical tensions are everywhere.

    Europe’s Concern

    As far as the energy sector is concerned, the coming week is slated to be a historic one for Europe, reports Bloomberg News. The fact that Germany seized the Russian oil major’s local unit has triggered speculations that the energy sector in Europe might head for a revamp in the energy market, going ahead with a brand-new period without supplies from Russia.

    The consequences of the talks between the three major gas firms will be out soon since the politicians across the continent are preparing for a crisis for their winter supply.

    Colorado conference

    The gold mining executives, analysts, bankers, and investors are meeting at the annual Denver Gold Forum in Colorado Springs, Colorado, which is scheduled to start this weekend. The 34th annual meeting of the largest and oldest event in the world of the precious metal sector is being held at a crucial time when the forum is wrapping up.



    RELATED ARTICLES

    Tesla’s Cheapest Cybertruck

    Tesla’s Cheapest Cybertruck Will Cost $60,990 in 2025

    Bloomberg News reports that after two years of delay and production glitches, Tesla Inc. has...
    JPMorgan’s S&P 500

    JPMorgan’s S&P 500 2024 Outlook Grimmest on Wall Street

    Bloomberg News reports that as the strategists on Wall Street are calling for an all-time...
    Fed Will Cut Interest Rates

    Fed Will Cut Interest Rates as Soon, Predicts Bill Ackman

    Bloomberg News reports that Bill Ackman, the billionaire investor, bets that the Federal Reserve will...
    AI Startup

    AI Startup of Google Raises $24 Million for Biotech Work

    Bloomberg News reports that the European biotech startup Cradle has raised as much as $24...
    Quantum Computing Lab

    Quantum Computing Lab Shut by Alibaba in Sign of Broader Cutback

    Bloomberg News reports that Alibaba Group Holding Ltd. has shuttered its quantum computing lab for...
    Water Damage Repairs

    Don’t DIY Water Damage Repairs to Your Business

    If your workplace ever suffers from water damage, you might be tempted to start fixing...
    MBA Programme

    Dual Degree MBA Programme: A Unique Educational Opportunity

    In today's world, professional success requires more than traditional management skills. It calls for a...
    women ipl

    Women IPL Sensation Shreyanka Patil: From Fan to Champion

    In a cricketing universe usually ruled by dudes, Shreyanka Patil, the rookie wonder for Royal...
    Monetize Magnet

    Monetize Magnet Review – The Best Crypto and Forex CPA Network

    In today's world, cryptocurrency has reached new heights, expanding continuously and providing online earning opportunities...
    celsius drink

    Celsius Drink – What Is It and How Safe Is It?

    These days, you must come across your social media feeds with an advertisement for a...
    low porosity hair

    Low Porosity Hair Problem? Slay Locks with Moisture Miracle

    Have you ever experienced your hair being stubbornly resistant to moisture? That's low porosity hair...