Weekly Commodity Fundamental Reports

Copper prices were lower pressured by demand concerns amid possible U.S. tariffs and a lack of aggressive Chinese stimulus.

Copper surged by more than 1 percent with support from a weaker dollar and revived bets that top metals consumer China would launch more stimulus to counter risks of U.S. tariffs and to support its economy.

Gold prices plunged by more than 3 percent on reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump’s nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal’s safe-haven appeal.

Last week, the yellow metal made an uptrend by more than 3 percent amid escalating tensions in the Russia-Ukraine conflict

Last week, the crude prices remained in a bullish mode after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies.

Today, gold prices are likely to trade higher on account of intensifying war between Russia and Ukraine war. Ukraine fired a volley of British Storm Shadow cruise missiles into Russia, the latest Western weapon it has been permitted to use on Russian targets a day after it fired U.S. ATACMS missiles.

Crude prices are likely to trade higher due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine.

Today, gold prices are likely to move higher today after last week’s sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path.

Bullion prices have come under pressure since Donald Trump won the U.S. presidential election. Trump’s victory has raised the possibility of higher inflation and the need to maintain rates higher for longer.

Crude prices are likely to trade lower weighed down by worries of higher global production amid slow demand growth, with a firmer dollar exacerbating the declines.

Crude prices are likely to trade higher on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025

In the yesterday’s trading session, crude prices plunged by 3 percent after China’s latest stimulus plan disappointed investors seeking demand growth in the world’s second-biggest oil consumer, while supply looked set to rise in 2025.