Commodity Morning Insights 19 Jun 2025 - Axis Securities Ltd
* Gold ended lower by 0.5% as the Federal Reserve held interest rates steady, as widely expected, prompting profit booking in the metal. The Fed maintained its projection for two rate cuts later this year. Fed policy decisions have faced consistent criticism from President Trump, who once again urged Chair Jerome Powell to reduce rates during comments to the press on Wednesday. However, ongoing geopolitical tensions continue to provide support to gold at lower levels
* Nymex Crude Oil settled nearly 1% lower following comments from President Trump suggesting the possibility of dialogue with Iran, which eased fears of an immediate conflict. Despite the pullback in prices, risks remain elevated as Iran has warned of retaliation if the U.S. supports Israeli military actions. On the supply side, U.S. crude inventories declined sharply by 11.5 Mn barrels last week to 420.9 Mn barrels, significantly more than anticipated
* Comex Copper gained over 1% in the previous session. Prices have been consolidating in recent days amid a lack of fresh triggers, though continued weakness in the U.S. dollar has lent support at lower levels
* Nymex Natural Gas extended its rally for a sixth straight session, climbing nearly 3% in the last session. U.S. natural gas futures surged about 4% to a 10-week high on Wednesday, driven by a smaller-than-expected storage build, lower daily production, and forecasts for hotter weather and stronger demand over the next two weeks
Gold
Silver
Crude Oil
Copper
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
