DBT Bureau
Pune, 27 Jan 2026
Geojit Investments, in its latest commodities report, said global markets saw heightened volatility as investors moved toward safe-haven assets amid geopolitical uncertainty, policy signals from the U.S. Federal Reserve, and mixed cues from energy and base metal markets.
- Precious metals surged to new all-time highs as investors sought safehaven assets, driven by renewed U.S. tariff threats against several countries and the prospect of a U.S. government shutdown this week, which in turn weakened the U.S. dollar against a basket of major currencies.
- Spot gold hit a new record high of USD5110 a troy ounce, while spot silver hit USD117.69 a troy ounce.
- The U.S. Federal Reserve’s two-day meeting scheduled this week, with policymakers widely expected to keep the benchmark interest rate unchanged at 3.50%–3.75%.
- Crude oil prices slipped as investors assessed the expected restart of supply from Kazakhstan, while the losses were capped by a severe winter storm that disrupted production and refinery operations along the U.S. Gulf Coast.
- 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 futures eased after hitting three-year highs after an Arctic blast over the weekend boosted heating demand and cut production to a two-year low by freezing oil and gas wells and pipes, despite a drop in gas flows to liquefied natural gas (LNG) export plants.
