Gregory Shearer

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.

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.

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.