DBT Bureau
Pune, 20 Jan 2026
As per Geojit Investments latest data , global commodities markets witnessed sharp movements, with precious metals hitting record highs amid rising trade war concerns, while energy and industrial metals showed mixed trends.
- Gold and silver prices surged to fresh record highs today as investors rushed into safe-haven assets after U.S. President Donald Trump threatened to impose higher tariffs from February 1 on eight European countries unless the United States is permitted to purchase Greenland, heightening concerns of a renewed global trade war.
- Spot gold reached a record high of USD 4,737 per troy ounce, while spot silver surged to an all time peak of USD 95.48 per troy ounce.
- U.S. CPI data showed inflation holding relatively steady at 2.7% annually. Meanwhile, President Donald Trump welcomed the figures and renewed his call for Fed Chair Jerome Powell to implement “meaningful” interest rate cuts.
- Crude oil prices edged lower today after modest gains in the previous session, as renewed tensions over Greenland and easing concerns about potential supply disruptions from Iran weighed on the market.
- Meanwhile, the U.S. President threatened that any country conducting business with Iran will face a 25% tariff on trade with the United States. Iran, a major oil exporter, ships a significant portion of its crude oil to China.
- China’s unwrought copper imports in 2025 fell to the lowest level since 2020, as high prices weighed on demand. The top consumer imported 5.32 million metric tonnes of unwrought copper in 2025, down 6.4% from 2024, the lowest since record-high imports in 2020. December imports increased 2.3% to 437,000 tons compared with November.
- China’s aluminium production crept above 45 million metric tonnes in 2025, largely in line with a government-mandated national output cap and marking a slowdown in growth from 2024. Full-year output in the world’s largest consumer and producer of the light metal rose 2.4% to 45.02 million tonnes, a slow down from the growth rate in 2024 of 4.6%.
- NYMEX natural gas rebounded from a 12 week low, supported by tight gas storage levels in Europe that improved prospects for increased demand for U.S. LNG exports. European Union gas storage facilities have now fallen below 50% capacity, standing nearly 14 billion cubic metres under their five year average. In 2025, EU sourced 27% of its total gas and LNG imports from the U.S.
