Commodity Morning Insights 20th November 2025 - Axis Securities
* Comex Gold experienced heightened volatility in the last session. Prices briefly surged past the $4,100 mark amid escalating geopolitical tension. However, the metal pared gains following the release of minutes from the Federal Reserve's latest meeting, as market participants turned their attention to upcoming economic data for further clues on the U.S. interest rate trajectory. Traders are now focusing on this week’s non-farm payroll data
* Nymex Crude Oil slipped nearly 2% following mixed crude inventory data and reports that Washington is urging Ukraine to consider the peace deal reportedly being discussed with Russia, which weighed on market sentiment. Looking ahead, key data releases today and tomorrow are likely to keep prices volatile
* Comex Copper snapped its losing streak, climbing over 1% as traders anticipated that the upcoming Job data could influence the Fed's view regarding the rate cut
* Nymex Natural Gas surged more than 4% as a shift in the weather forecast supported prices at the lower level
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Silver


Crude Oil


Copper


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