PERSPECTIVES Viewpoint Commodities: Not only gold glistening

In this PERSPECTIVES Viewpoint Commodities – "Not only gold glistening", we explain recent price moves and discuss our outlook for these key commodities over the next 12 months.

Key takeaways:

Gold’s medium-term outlook remains intact. Central banks and Asian retail buyers remain buyers and geopolitical and fiscal policy uncertainties will be supportive.
President Trump’s intended imposition of a 50% tariff on US copper imports may cap price gains, but structural long-term demand will remain bullish.
Oil prices will remain sensitive to geopolitical developments but weak demand and rising supply are likely to limit long-term upside.

The PERSPECTIVES Viewpoint is currently available and client-ready for the following regions: Germany, Americas, Europe, Middle East, Africa and Asia Pacific.

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