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Receding odds of a Fed rate hike in the near term and continuing Hamas and Israel war boosted gold to build on its previous weekly gain of $100. Gold closed with a weekly gain of $50 at $1982, which translates into a weekly gain of roughly 2.70%. The yellow metal was up 0.40% Friday in a volatile session.

However, with the help of technical and fundamental analysis, one can predict the market to a great extent. Here, we will discuss the methods and how to use them to analyze the commodity market.

"When rates are increasing at the rate they are and the geopolitical situation is what it is, now you are getting a bid to volatility," said Brent Kochuba, founder of options analytics service SpotGamma.

The lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland.

In the midcap segment, only Supreme Industries rose in double-digits with 13% gain. New India Assurance and Crisil were distant close, with 9% and 7% gains, respectively.Among the Sensex pack, Nestle India topped the charts with 3.07% returns, followed by Ultratech at 1.07% and Power Grid at 0.6%.

The Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. The MPC meeting also discussed the need to sustain and stimulate investment, projecting a GDP growth of 6.5% for FY24.

Deepak Chhabria has been removed from the board of Finolex Cables, following a longstanding dispute with his cousin, Prakash Chhabria. This comes after the Supreme Court reprimanded the National Company Law Appellate Tribunal for allowing Deepak to continue in his role. The fight for control of Finolex Cables is expected to intensify, with Prakash intending to stake claim to the position. Shares of Finolex Cables rose 1.47% on Friday.

The transaction is being financed by a consortium of 10 international banks including DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank. Other banks in the consortium include Barclays Bank PLC, BNP Paribas, Deutsche Bank, ING Bank, Sumitomo Mitsui Banking Corporation and Standard Chartered.

But the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment, how long will the party last?

Net interest margin (NIM), the difference between the yield earned on loans and that paid for funds, remained little changed at 3.43% reflecting the pressure faced by the bank due to higher deposit rates.