🌐 Commodity Highlights – Advisory Bazaar Info Services

🔻 Indian Rupee Weakens

On Friday, the Indian Rupee closed weaker at 87.5300 against the US Dollar. This marked the biggest weekly fall since late 2022, driven by ongoing concerns over US tariff policies and sustained foreign portfolio outflows.

📉 Equity Market Decline

Indian equity markets ended lower on Friday amid global uncertainty:

* Sensex: 80,599.91 (-585.67 points / -0.72%)

* Nifty: 24,565.35 (-203 points / -0.81%)

🔻 Pressure on Metal Markets

Metal prices continued to decline following hawkish comments by Federal Reserve Chairman Jerome Powell. At the same time, political pressure from the Trump administration to cut interest rates could enhance the medium-term outlook for gold.

📊 Copper Market Stabilizes

After a sharp single-day drop, COMEX copper prices stabilized due to President Trump’s unexpected move to exclude refined metals from the 50% import duty list.

* The COMEX-LME copper futures premium is currently limiting the risk of large-scale capital outflows from US equities in the short term.

📉 Steel Futures Drop

* Chinese steel futures fell from a 7-month high of 3,345 yuan/ton to 3,190 yuan/ton.

* Global Impact: US tariffs are increasing pressure on the global steel consumption outlook.