US GDP, Jobs Data to Steer Commodity Markets in Christmas Week

• Global markets ended positively on softer US inflation and AI stock recovery, but US GDP and jobs data will drive commodity focus.
• Precious metals surged: COMEX gold hit all-time highs above $4,400, and COMEX silver jumped nearly 9% to a record $67.7.
• Base metals mixed; copper rose over 3% to multi-month highs, while WTI crude oil saw volatility due to supply concerns and geopolitical tensions.
• Central banks acted differently: BoJ raised rates, BoE cut rates, ECB held steady, impacting currency markets.
• US unemployment rose to 4.6%, reinforcing expectations for Fed rate cuts in late 2026, despite near-term policy likely remaining on hold.

Why It Matters: US economic data and central bank actions will shape commodity trends amid holiday trading.