DBT Bureau
Pune, 9 Dec 2025
Geojit Investments has provided a comprehensive overview of global commodity movements in its latest outlook report.
- Gold spot prices held steady ahead of this week’s U.S. Federal Reserve meeting, as market participants await clearer guidance on the central bank’s interest rate path. Recent economic data has added to uncertainty, keeping traders cautious.
- U.S. Dollar index, a measure of greenback against its six rival currencies, slipped on the prospects of dovish move from Fed. Meanwhile, U.S. 10 year treasury yields edged higher.
- U.S. private payrolls fell by 32,000 in November, the steepest decline in over two and a half years, raising concerns about labor market resilience. Attention now turns to the delayed non-farm payrolls report, expected to provide critical insight into economic health.
- Copper prices hit fresh record high on both LME and MCX platforms before pulling back, as leading Chinese smelters agreed to cut output in 2026, supported by record-high premium offers from Codelco, the world’s largest copper producer.
- OPEC+ decided to keep oil output unchanged for the first quarter of 2026, signaling a slowdown in its efforts to reclaim market share amid concerns over a potential supply glut.
- China’s crude oil imports rose 4.88% in November from a year earlier, with daily import volumes reaching the highest level since August 2023. The world’s largest crude importer brought in 12.38 million barrels per day, up 5.24% from October.
- NYMEX natural gas futures climbed above $5 per mmBtu, highest in almost three years, driven by record LNG export flows and forecasts for colder weather and stronger-than-expected demand over the next two weeks.
- U.S. liquefied natural gas (LNG) exports hit a record monthly high in November for the second consecutive month, driven by cooler weather and strong output from the nation’s two largest producers.
- China’s manufacturing PMI signaled contraction in November, reflecting sluggish demand and indicating that progress in U.S. trade talks has yet to translate into a meaningful demand recovery.
