Gregory Shearer, Head of Base and Precious Metal Research at J.P. Morgan, shares his insights on the global commodities outlook for 2025. He highlights a continued bullish stance on gold, anticipating price growth alongside silver and platinum. Shearer points out that while oil faces a bearish forecast due to surplus, industrial metals are emerging as economically favorable investments. He discusses the disinflationary trends supported by commodities and investment opportunities in agricultural products, adapting to evolving global dynamics.

Natasha Kaneva, Tracey Allen, and Gregory Shearer discuss the recent pullback in commodities and predict a 10% appreciation in the BCOM index. They touch on factors like weather-related volatility, pests, European elections, China's Third Plenum, and the Fed's rate cutting cycle. The podcast explores fluctuations in commodity prices, impact of production losses in the Black Sea region, resurgence of oil in the market, gasoline demand in the US, and outlook on gold, silver, copper, and natural gas prices.

Natasha Kaneva, Head of Global Commodities Strategy, and Gregory Shearer, Head of Base and Precious Metals Strategy, discuss the bullish outlook for gold and silver in 2024, fueled by rate cuts and decreasing US 10-year real yields. They also explore the potential upside for silver prices and the relationship between precious metals and other commodity markets, emphasizing commodities as a preferred option for hedging inflation.