DBT Bureau
Pune, 7 Oct 2026
Geojit Investments Limited has released its latest commodities report dated October 7, highlighting key developments in precious metals and other major commodities. The report covers the latest trends in gold and silver prices, along with factors influencing market sentiment, including the U.S. dollar, interest rate expectations, inflation concerns and broader global economic developments. Below are the key details from the report.
- Precious metals edged lower as the U.S. dollar strengthened, while investors awaited the minutes of the Federal Reserve’s September meeting for further clarity on policymakers’ interest rate outlook and the likelihood of additional monetary tightening.
- Spot gold traded above USD 4110 a troy ounce, while spot silver traded above USD 60 a troy ounce. Meanwhile, Investors grew cautious ahead of a FOMC minutes due today.
- U.S. non-farm payrolls increased by just 29000 jobs in September, while the unemployment rate edged up to 4.2%.
- U.S. Dollar Index, which measures the greenback against a basket of six major currencies, remained firm near the 102.30 mark, while the yield on the benchmark 10-year U.S. Treasury note climbed to around 5.3%, its highest level in nearly two decades, exerting pressure on bullion prices.
- China’s central bank extended its gold-buying streak to a 23rd consecutive month in September, with the People’s Bank of China increasing its gold reserves to 77.47 million fine troy ounces from 76.73 million ounces in August.
- Crude oil prices steadied, with Brent futures holding above USD 100 per barrel, as markets balanced rising Gulf exports against persistent supply risks stemming from the Middle East conflict and concerns over weather-related disruptions from a storm approaching key U.S. oil producing regions.
- NYMEX natural gas futures climbed to a one-week high, supported by lower output due to pipeline disruptions and increased flows to LNG export facilities, amid expectations of the restart of a liquefaction train at Freeport LNG’s Texas plant..
- U.S. henry hub natural gas storage levels are expected to conclude the April-October summer injection season at 3.829 trillion cubic feet on October 31, marking the lowest end-of-season level in three years.
