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KCM Trade’s Chief Market Analyst Discusses Interest Rates and Commodities on Ausbiz

November 10, 2023

Our Chief Market Analyst Tim Waterer made his regular weekly appearance on the Ausbiz channel in Australia this week. Tim joined host Andrew Geoghegan to preview the RBA (Reserve Bank of Australia) interest rate decision, with Tim indicating that he expected the RBA to likely raise rates in response to inflation creeping higher as well as retail sales and house prices also being on the rise. Tim pointed out that Australia’s Q3 CPI (Consumer Price Index) was above forecast because of fuel, housing and electricity costs being on the rise.

The discussion then turned to what to expect from Chinese inflation data, with CPI and PPI figures. Tim commented to the host that investors will be closely watching the data for any signs of mounting deflationary pressures in the world’s second largest economy.  

Next up was a chat about the latest movements in commodity prices. Regarding oil, Tim mentioned that Saudi Arabia and Russia extended their production cuts until year-end, but the big question was whether the supply changes would carry forward into 2024. Andrew then asked Tim what he thought about the gold price, with Tim noting that so far, the US$2k level has provided some stubborn resistance for the gold price. Tim added that any further retracement in the level of treasury yields could affect where the precious metal trades next.  

Ausbiz is Australia’s dedicated business channel, with a reputation for providing their audience with key insights and analysis from many of the leading experts in the industry.

Please stay tuned for more appearances by Tim and KCM Trade’s team of analysts in the global financial media.

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