As global economic uncertainty grows, we ask the experts: which commodities will be frontrunners over the next six months? Gold, iron ore and rare earths will maintain momentum.
In a recent note, Argonaut analysts Matthew Keane, Helen Lau, and James Wilson saw gold, iron ore and rare earths continuing their stellar runs into the second half of the year. Argonaut remains bullish on gold as China ramps up its physical gold purchases and the US Fed contemplates rate cuts to boost the local economy.
“Market consensus is that the Fed will cut interest rates 25-75 basis points in the coming 12 months,” Argonaut says.
“In addition, the dovish stance by the European Central Bank, Chinese central banks and Bank of Japan point to more monetary easing ahead. Hence, increased liquidity and the prospect of a US weak dollar will be a boon for gold prices.”
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.