Reported about 19 hours ago
Robert Minter, director of ETF investment strategy at Abrdn, reflects on the changing dynamics of the commodities sector as the markets prepare for a new administration in 2025. He suggests that the previous strategy of 'Drill baby drill' may not be applicable now, noting the impact of removed production incentives on US oil supply. Minter forecasts Brent crude prices for the coming year to range between $70-85, dependent on dollar strength, while also indicating a persistent trend in gold prices influenced by central bank investments.
Source: YAHOO