Commodity Morning Insights 03rd November 2025 by Axis Securities Ltd
Gold slipped below the $4,000 per ounce mark as the dollar held near a three-month high. Fading expectations for a U.S. interest rate cut in December and easing U.S.-China trade tensions reduced bullion’s appeal. Investors now await key U.S. data releases, including the ADP employment report on Wednesday and the ISM PMIs later this week
WTI Crude Oil futures fell below $61 per barrel, snapping a four-day rally. Traders weighed OPEC+’s decision to pause output hikes in early 2025 against ongoing concerns about oversupply. The group approved a modest production increase for December but will suspend further additions from January through March due to seasonal demand weakness
Copper prices edged lower on Tuesday as a stronger dollar and slowing factory activity in China pressured sentiment, though ongoing supply concerns offered some support
U.S. Natural Gas futures extended gains for a fourth consecutive session, buoyed by forecasts of stronger heating demand in November and expectations of a colder-than-average winter
Gold
Silver
CRUDE OIL
Copper
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