Commodity Morning Trading Guide | Globe Capital Market LTD.
22-Apr-2025
Commodity Morning Trading Guide

  • Bullions counter may trade on firm path as gold prices held their record rally on Tuesday, bolstered by concerns over U.S. President Donald Trump's criticism of the Federal Reserve chair and fears that trade tensions could stall economic growth, driving demand for safe-haven assets.

Report Overview

BULLIONS

  • Bullions counter may trade on firm path as gold prices held their record rally on Tuesday, bolstered by concerns over U.S. President Donald Trump’s criticism of the Federal Reserve chair and fears that trade tensions could stall economic growth, driving demand for safe-haven assets.
  • Overall gold (Jun) can move in range of 98000-100000 while silver (May) also can move in range of 94000-96000.
  • Gold, which is considered a hedge against economic uncertainties and known to be a highly liquid asset, has hit multiple record highs and gained more than 30% so far this year.
  • Trump said on Monday that the U.S. economy could slow unless interest rates are lowered immediately. He repeated his criticism of U.S. Fed Chair Jerome Powell, who believes rates should remain unchanged until it’s clear that Trump’s tariff plans won’t lead to a persistent surge in inflation.

BASE METALS

  • In base metal counter, Copper prices can trade on positive path as it can move in range of 842-855. Copper prices in London hit a more than two-week high on Tuesday, tracking a sharp fall in the dollar as President Donald Trump’s ramped-up criticism of the Federal Reserve chairman shook investor confidence in the U.S. economy.
  • The benchmark three-month copper on the London Metal Exchange (LME) was up 0.8% at $9,265.5 per metric ton, as of 0212 GMT. It briefly hit $9,319.5 per metric ton, the highest since April 4.
  • Aluminum prices can trade on mixed path as it may move in range of 227-235.while lead may also move in range of 175-179.

ENERGY

  • Crude oil may trade on positive path as it can move in range of 5300-5450. Oil prices climbed in early trade on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand.
  • Both benchmarks dropped more than 2% on Monday on signs of progress in nuclear deal talks between the U.S. and Iran, helping ease supply concerns.
  • Natural gas may trade on weaker path as it can move in range of 250-270.
  • On Monday, U.S. President Donald Trump repeated his criticism of Federal Reserve Chair Jerome Powell and said the U.S. economy could slow unless interest rates were lowered immediately.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disclosure

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