Gregory Shearer

In this insightful conversation, Greg Shearer, Head of Base and Precious Metals Research at J.P. Morgan, shares his expertise on the evolving gold market. He discusses the growing interest in gold among international investors, especially amid concerns over U.S. asset stability. The episode delves into the hypothetical scenario where a mere 0.5% shift of foreign U.S. assets into gold could push prices up to $6,000. Shearer emphasizes the significant potential returns and the structural bullish outlook for gold amid changing market dynamics.

In this enlightening discussion, Greg Shearer, Head of Base & Precious Metals Research at J.P. Morgan, shares his insights on commodity market dynamics. He explores the implications of the Fed's rate cuts and the diverse outcomes they might produce. Shearer highlights the risks of recession and inflation, drawing connections between these factors and commodity performance. The duo also looks at historical trends, emphasizing how a robust growth environment could significantly boost returns in commodities like gold and energy.

Meera Chandan, Co-Head of FX Strategy at J.P. Morgan, dives into the transactional side of the dollar, while Saad Siddiqui analyzes dollarization trends in emerging markets. Jay Barry discusses the decreasing foreign ownership of U.S. Treasuries, revealing shifts in global investment patterns. Meanwhile, Greg Shearer highlights the structural changes in commodity transactions as de-dollarization unfolds, particularly in energy markets. These insights paint a compelling picture of the evolving role of the dollar in today's global economy.