Commodity Outlook for the Day Post Fed Minutes | Gold • Silver • Crude Oil • Natural Gas

The latest Fed meeting minutes have reinforced a cautious but dovish bias. While policymakers remain vigilant on inflation, the emphasis has clearly shifted toward data dependency and managing growth risks, rather than aggressive tightening. This has set the tone for commodities today — with precious metals supported and energy commodities still driven by demand and supply fundamentals.

Gold – Supported, but Watching Yields & Dollar

Gold continues to hold firm after the Fed minutes, as markets interpret the commentary as rate-cut supportive over the medium term.

What’s driving gold today

Fed minutes signal no urgency to tighten further

Real yields remain under pressure

Gold continues to act as a macro and currency hedge

No panic profit-booking despite elevated levels

Outlook for the day

Stable to mildly positive bias

Gold may see intraday volatility, but dips are likely to be bought as long as bond yields stay contained and the dollar does not strengthen sharply.

Silver – High Beta, Momentum with Volatility

Silver remains closely aligned with gold but continues to trade with higher volatility, reacting faster to sentiment shifts.

What’s driving silver today

Spillover support from gold post Fed minutes

Rate-cut expectations supporting non-yielding assets

Industrial demand narrative still intact

Thin liquidity exaggerating intraday moves

Outlook for the day

Positive but volatile

Silver can outperform gold on strong sessions but is also more vulnerable to sudden profit booking.

Crude Oil – Growth Lens Dominates

Crude oil remains relatively unaffected by the Fed minutes, as the market is more focused on global demand visibility.

What’s driving crude today

Fed’s cautious tone raises questions about growth momentum

Demand concerns continue to cap upside

Supply remains comfortable

Any move is likely to be headline-driven

Outlook for the day

Range-bound to cautious

Crude lacks strong directional conviction unless there is a fresh demand signal or geopolitical disruption.

Natural Gas – Weather & Inventory Still King

Natural gas continues to trade independently of Fed commentary.

What’s driving natural gas today

Weather forecasts and seasonal demand

Storage and inventory dynamics

LNG flows and regional supply constraints

Outlook for the day

Highly volatile, trade-only

Expect sharp intraday swings. Gas remains unsuitable for positional trades without strict risk management.

India Angle – Currency Matters More Than Fed

Fed minutes may cap dollar strength, indirectly supporting metals

USD/INR movement remains the biggest amplifier for MCX prices

Gold and silver continue to act as currency protection assets

Softer crude helps India macro, but INR weakness can offset gains

What to Watch Today

Bond yields & dollar index

Global equity sentiment

Any follow-up Fed commentary

Energy-specific headlines (inventories, geopolitics, weather)

Day’s Summary

Post-Fed minutes, precious metals remain supported by policy caution, while crude stays demand-driven and natural gas remains a pure volatility play.