DBT Bureau
Pune, 1 Dec 2025
Geojit Investments has released its latest commodity report. The report highlights key market trends and price movements across major commodities.
- Spot gold surged to a six-week high, hovering around USD4250 a troyounce, as risk-off sentiment dominated markets, with investors eyeing a potential U.S. rate cut later this month. Meanwhile, silver climbed to a record peak hitting USD 57.86 a troy ounce.
- Copper hit record highs on both LME and MCX after leading Chinese smelters agreed to cut output in 2026, supported by record-high premium offers from Codelco, the world’s largest copper producer.
- In the meantime, INR shied away from 90 marks against USD but hovered at the lowest levels ever, accelerating the surge in commodity prices in India’s domestic platforms.
- 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.
- From the 1st of December, OPEC+ will increase output by 137,000 barrels per day, similar modest increase in the output levels maintained in October and November.
- Crude oil prices rose after OPEC+ opted to keep output steady, while traders kept a close watch on geopolitical tensions in Eastern Europe and Venezuela.
- U.S. President Donald Trump declared that “the airspace above and around Venezuela” should be considered closed, adding fresh uncertainty to the oil market as the South American nation remains a key producer.
- NYMEX natural gas futures traded in the vicinity of their highest level in nearly nine months and posted a third consecutive monthly gain, supported by colder weather forecasts, rising demand, and a largerthan-expected storage withdrawal reported last week.
- 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.
