Episode Details
| Title | Commodities Outlook: What’s Driving Oil, Gold, and Base Metals |
|---|---|
| Date | 7/1/2025 |
| Podcast | Goldman Sachs Exchanges ↗ |
Key Insights
Bullish:
- 🟢 $GOLD - Expect gold prices to rise to $4,000 per troy ounce, representing a 20% upside over the next year, driven by increased central bank buying and potential private investor interest.
- “We still expect the gold price to rise to $4,000 per troy ounce. So that's another 20% of upside for a year.” - Dan (11:09)
- “Central bank buying of gold has increased fivefold since '22 when Russia's central bank reserves got frozen.” - Dan (11:09)
- 🟢 $COPPER - 🔒
- 🟢 $POWERGRID - 🔒
- 🟢 $NICKEL - 🔒
Bearish:
- 🔻 $OIL - 🔒
- 🔻 $USDOLLAR - 🔒