Commodity Highlights 

Advisory Bazaar Info Services

🔹 Currency & Bonds

• The US dollar weakened ahead of the meeting between US President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskyy.

• rump appears more agreeable towards a peace deal with Russia.

• Trade tensions between the US and India may keep pressure on the rupee. The cancellation of proposed talks in New Delhi with Washington dampened hopes for tariff relief.

• The rupee is expected to remain soft, likely trading in the 87.30–87.80 range this week.

• Softer US Treasuries and Prime Minister Narendra Modi’s proposed major tax reforms may weigh on government bonds at the open. Benchmark 10-year bond yields are expected to edge higher.

🔹 Crude Oil

• Oil prices slipped after the US backed away from threats of additional sanctions on Russian oil exports.

• Brent crude futures fell 26 cents (0.39%) to $65.59 per barrel.

🔹 Base Metals

• Asian trading opened mixed for base metals amid US tariffs and global trade uncertainty.

• Codelco has sought regulatory approval to resume operations at the El Teniente mine in the Andes Norte and Diamante sections.

🔹 Iron Ore & Steel

• Iron ore futures surged on strong demand and expectations of further property-sector stimulus from China.

• Despite Trump’s new tariff threats, China’s steel industry is expected to remain relatively unaffected by the current trade tensions.