Commodity Radar: Copper slips on China concerns but expert suggests taking long positions. Here’s why

Copper prices slipped on Tuesday amid weak Chinese manufacturing data and a stronger dollar, with MCX copper trading near Rs 1,004. However, Religare Broking’s Ajit Mishra suggests taking long positions, citing persistent supply concerns, improving European demand, and bullish technical indicators supporting an upside toward Rs 1,040.

Gold, silver decline as strong dollar, easing US-China tensions temper safe-haven demand

Gold and silver prices declined in domestic futures trade on Tuesday as a firm dollar and easing trade tensions between the US and China dampened the precious metal's safe-haven appeal.

Oil steadies as market digests OPEC+ output plans

Oil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply glut. Major energy producers and the U.S. Department of Energy challenged forecasts of an oversupply next year, while Russia's lobbying influenced OPEC+'s decision due to Western sanctions. Investors anticipate U.S. inventory data for further market direction.

Gold holds under $4,000 on dollar resilience, Fed rate-cut outlook

Gold prices dipped below $4,000 per ounce as a strong dollar and reduced expectations of a December U.S. interest rate cut weighed on demand. Easing U.S.-China trade tensions also contributed to the decline, while China's removal of gold tax exemptions could impact its market.