Daily Commodity Insights Nov 09, 2026 by Religare Broking
Highlights
* Signs that the US and Iran are moving closer to a potential breakthrough in efforts to end the war are limiting the upside in crude prices, as Iran has shown a willingness to discuss issues related to its nuclear program that were previously off the table.
Gold (Dec)
Gold prices dipped on Friday amid a stronger dollar, after a blockbuster U.S. jobs report strengthened Federal Reserve rate hike expectations.
Crude Oil (Nov)
* Crude found support Friday as Ukraine ramped up drone attacks on Russian refineries, potentially leading to a further squeeze of global energy supplies.
Natural Gas
* Dec nat-gas prices climbed to a 1-week high on Friday and settled higher on prospects of colder US temperatures, which could boost heating demand for nat-gas. The Commodity Weather Group said Friday that forecasts shifted cooler across the central and eastern US through November 20.
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