This PERSPECTIVES Viewpoint Commodities: 'Navigating metals, energy & strategic materials' dives into the forces driving volatility, opportunity, and risk across the commodity spectrum.
Key takeaways:
- Gold to stay well bid as monetary policy eases and central bank buying remains elevated; silver to remain volatile but will benefit from industrial demand.
- Oversupply and moderate demand will keep Brent prices subdued while US shale costs act as stabilizers.
- Copper expected to be range-bound in 2026 as demand softens, but long-term drivers supportive of positive long-term outlook.
- Rare earths will remain in strategic focus as countries scramble to secure supplies.
