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Gold surged past 4,250 dollars as markets priced in a likely US rate cut, while silver hit fresh record highs on tight supply and tariff concerns. Copper climbed to new peaks after Chinese smelters agreed to cut output and Codelco pushed premiums higher. Oil gained over 1 percent as OPEC Plus reaffirmed steady output and geopolitical tensions added support. Palm oil edged higher despite weak export data and soyoil pressure.

Gold above 4250 silver at record highs copper oil jump

Global commodity markets showed mixed movement on Monday. Gold prices dipped as the US dollar strengthened and traders trimmed bets on more Fed rate cuts. Oil, meanwhile, gained after OPEC+ decided to maintain its output policy, calming oversupply fears. Silver steadied amid easing US-China trade tensions, while copper and palm oil remained under pressure due to weak Chinese data and rising supply. Market sentiment now hinges on Fed policy signals and global demand trends.

Gold Falls, Oil Rises as Dollar Strengthens and OPEC+ Holds Output Steady

The full OPEC+ alliance, made up of members of the producers cartel and allied countries, including Russia, is holding an online meeting, but the cuts in question concern a smaller group of eight, including the Saudis.

Oil producers led by Saudis face a decision on whether to extend production cuts as oil prices lag

Damage to refineries from drone attacks and technical outages led Russia to export more crude than it planned in February, potentially undermining its pledge to curb sales under an OPEC+ pact.

Russia's refinery damage casts doubt on OPEC+ supply cut commitments

Oil prices gained about 2%&nbsp;as Iraq voiced support for OPEC+'s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty.

Oil prices settle up as Iraq backs more output cuts from OPEC+

The United States is doing well, while Europe is struggling, Haitham Al Ghais told the Argus European Crude Conference in London. Even China, which has emerged from lockdown more slowly than expected, forecasts growth at 4.5% to 5%, he said, outstripping Europe.

OPEC+ expects global economy to weather challenges

&nbsp;The September WTI contract expires on Tuesday and the more active October contract eased 3 cents to $80.63 a barrel.

Oil prices flat as rates anxiety, China gloom offset tighter supply

There has been a sharp jump in the prices of Crude Oil Price in the international oil market once again, because in the meeting of OPEC+ Organization of Petroleum Exporting Countries, Saudi Arabia has said that it will cut oil production by one million barrels per day in July. will do Due to which its oil production will reach the lowest levels in the last several years. OPEC+ countries control 40% of the world's crude oil. The effect of this decision is being seen in crude oil prices

Commodity Live: Will the price of crude oil flare up due to the decision of OPEC+?

Not just Saudis, Russian Deputy Prime Minister Alexander Novak also announced the country's decision to reduce oil production by half a million barrels per day until the end of the year.

Explained: Factors shaping Saudi Arabia and OPEC+'s decision to cut crude oil output?

Oil steadies as China COVID hopes offset by OPEC+ output concerns

The White House press secretary said President Joe Biden is going to re-evaluate his relationship with Saudi Arabia.

US terms OPEC+ decision on oil production 'mistake', says it has favoured Russia 

The IEA slashed its forecast for world oil demand growth next year by more than 20 per cent, citing further downgrades to global growth expectations from major institutions.

Higher oil prices could tip the world economy into a recession: IEA

US National Security Advisor Jake Sullivan told reporters separately that the President was clear a day earlier that the US is re-evaluating the relationship with Saudi Arabia.

US will take action against Saudi Arabia, says Joe Biden after OPEC+ cuts oil production

OPEC+`s meeting on Oct 5 marked the group`s first in-person gathering at the ministerial level since March 2020, when COVID-19 restrictions moved the meeting online.

OPEC and its allies announce big slash in oil production -- Who will be affected?

The Fed and other central banks have been raising interest rates to make borrowing more difficult and slow economic growth, but Wall Street is concerned that the potential solution for high&nbsp;inflation could result in a recession.

US stock market: Dow Jones ends 0.14% lower, Nasdaq 0.25% after two-day strong gains

OPEC+ has stuck with only cautious increases to make up for deep cuts made during the COVID-19 pandemic, which were finally restored in August.

OPEC+ to cut oil output as prices fall amid fears of global recession

Oil traders this week have fretted about inflation, economic growth and demand, but signs of tight supply kept a floor under prices.

Oil prices end week on multi-month lows on recession fears

Brent crude futures settled down $3.76, or 3.7%, at $96.78 a barrel.&nbsp;

Oil falls to nearly 6-month lows after surprise US crude, gasoline stockpiles

Powell said the Fed`s focus on curbing inflation was "unconditional" and the labor market was unsustainably strong, comments that stoked fears of more rate hikes.

Oil prices slump as investors fear Fed rate hikes will hurt demand

The group has been restricting supply after the COVID-19 pandemic led to evaporation of demand.

Oil extends gains by over 2% after OPEC+ sticks to gradual cuts

opec-0

The full OPEC+ alliance, made up of members of the producers cartel and allied countries, including Russia, is holding an online meeting, but the cuts in question concern a smaller group of eight, including the Saudis.

Damage to refineries from drone attacks and technical outages led Russia to export more crude than it planned in February, potentially undermining its pledge to curb sales under an OPEC+ pact.

Oil prices gained about 2% as Iraq voiced support for OPEC+'s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty.

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Gold above 4250 silver at record highs copper oil jump

Gold Falls, Oil Rises as Dollar Strengthens and OPEC+ Holds Output Steady

Oil producers led by Saudis face a decision on whether to extend production cuts as oil prices lag

Russia's refinery damage casts doubt on OPEC+ supply cut commitments

Oil prices settle up as Iraq backs more output cuts from OPEC+

OPEC+ expects global economy to weather challenges

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