Daily Commodity Report for 25 Sep 2025: Indian & US Markets

GLOBAL MARKET ROUND UP

Bullion declined on Wednesday, weighed down by a recovery in the US dollar and hawkish remarks made by Federal Reserve Chair Powell during his speech on Tuesday. Powell warned that the timing of rate cuts is still uncertain, emphasizing the Fed’s ongoing challenge to balance inflation control with signs of weakness in the labor market. His remarks contributed to a recovery in the US dollar after two days of decline, which had a negative impact on precious metals.

Investors were also digesting comments from US officials, as Treasury Secretary Scott Bessent, who expressed disappointment on Wednesday regarding Fed Chair Jerome Powell’s unclear plan for cutting rates.

Crude prices have continued to rise over the past two days as geopolitical tensions escalate. Ukraine’s strikes on energy infrastructure are affecting oil flows and may eventually impact crude exports. Additionally, President Donald Trump’s increasingly hawkish rhetoric on Russia has pushed oil futures above a key technical level, adding further bullish momentum to crude oil. Meanwhile, US government data indicates that nationwide crude inventories have declined to their lowest levels since January.

Natural gas closed with a modest gain, driven by a short-covering rally ahead of the expiration of the near-month contract and the weekly storage data, which is anticipated to be lower than the five-year average.

LME Copper rose 3.6% to settle at $10,336.50 a ton on Wednesday, the highest in more than a year, following news that Freeport-McMoRan Inc. said force majeure was declared on contracted supplies from its giant Grasberg mine in Indonesia, the second-largest source of the metal.