DBT Bureau
Pune, 10 Jan 2026
According to a market report by Geojit Investments Ltd, global commodity markets showed mixed trends amid geopolitical tensions, policy signals and supply-side developments.
- Gold prices remain steady near record highs as ongoing geopolitical tensions provide support, while market participants adopt a cautious approach ahead of key employment data scheduled for release later yesterday. Meanwhile, spot silver pared the losses from previous session and traded near its all time high.
- The minutes from the U.S. Federal Reserve’s December meeting reveal that after a highly divided rate cut decision in December, the new projections indicate only one additional rate cut in 2026. The policy statement suggests the Fed will likely hold rates steady for now, awaiting clear signs of either further declines in inflation or a more than expected rise in unemployment.
- Crude oil prices advanced and are poised for a third consecutive weekly gain, driven by uncertainty over Venezuela’s supply outlook and heightened concerns about output amid escalating unrest in Iran.
- Venezuela’s state-run oil company has started cutting crude output as storage capacity runs out amid a U.S. oil blockade that has slashed exports to zero, adding pressure on the interim government struggling to retain power amid U.S. threats of further military action.
- Copper prices traded firm in major global platforms as booming demand from artificial intelligence and renewable energy sectors, coupled with supply disruptions at major mines support prices.
- 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.
- NYMEX natural gas prices fell to a two-and-a-half-month low as forecasts point to mostly mild weather over the next two weeks, keeping heating demand below normal levels.
