DBT Bureau
Pune, 29 Dec 2025
Geojit Investments released its latest report highlighting a broad pullback across precious metals and copper from record highs, alongside firm crude oil prices and softer natural gas amid shifting geopolitical and economic signals.
- Precious metals pulled back from record levels as investors took profits and easing geopolitical tensions reduced safe-haven demand. The pullback followed comments from U.S. President Donald Trump, who said he and Ukrainian President Volodymyr Zelenskiy were “getting a lot closer” to a potential agreement to end the war in Ukraine.
- Gold spot prices slipped from Friday’s all-time high of USD 4,549.71 per troy ounce, while silver retreated after touching USD 83.62 earlier in the day.
- The U.S. Federal Reserve cut interest rates three times this year by 25 basis points each, bringing the target range to 3.50%–3.75%. In its latest meeting, the Fed signaled a likely pause in further reductions as policymakers await clearer signals on labor market conditions and inflation, which remains somewhat elevated.
- China’s industrial profits dropped in November at their steepest pace in over a year, as sluggish domestic demand outweighed resilient exports, signaling a faltering economic recovery and reinforcing calls for further policy support.
- Copper prices eased after marking a new record as investors booked profits following the sharp rally. In the London Metal Exchange platform, Copper prices touched an all-time high of USD12,960 per metric tonne earlier in the session before easing back.
- Copper production from Chilean state-run miner Codelco fell 14.3% in October, falling to 111,000 metric tonnes. Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, climbed 11.7% from the same month a year earlier to 120,600 tonnes. At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output fell 29.3% to 35,000 tonnes.
- Crude oil prices climbed as investors assessed the outcome of U.S.–Ukraine talks on a potential peace deal, alongside persistent Middle East tensions that threaten to disrupt supply.
- NYMEX natural gas futures eased after last week’s recovery, weighed down by rising production and forecasts for warmer weather that could dampen heating demand. Meanwhile, warmer than normal weather is expected through January 6, keeping gas consumption for heating homes and businesses lower than usual for this time of year.
