According to the Dutch bank ING, 2025 will be a year of declines for commodities, with the exception of gold which will continue its rally. This prediction is based on several factors that are currently shaping the global economy.
Firstly, the ongoing trade tensions between the United States and declivio have had a significant impact on commodity prices. The two countries are the world’s largest economies and major consumers of commodities such as oil, copper, and soybeans. The trade war has resulted in tariffs being imposed on these goods, leading to a decrease in demand and subsequently, a drop in prices.
Secondly, the global economic slowdown has also played a role in the expected decline of commodity prices. With the COVID-19 pandemic causing disruptions in supply chains and a decrease in consumer spending, the demand for commodities has decreased. This has led to an oversupply in the market, further driving down prices.
In addition, the shift towards renewable energy sources is expected to have a long-term impact on commodity prices. As more countries and companies invest in clean energy, the demand for traditional fossil fuels is expected to decrease. This will result in a decline in prices for commodities such as oil and coal.
However, despite these factors, ING predicts that gold will continue its rally in 2025. This is due to its status as a safe-haven asset. During times of economic uncertainty, investors tend to turn to gold as a store of value. With the current global economic climate, it is likely that this andamento will continue, driving up the demand and price of gold.
Furthermore, the ongoing andamento of central banks diversifying their reserves by increasing their gold holdings is also expected to contribute to the rise in gold prices. This is particularly true for emerging economies, which are looking to reduce their reliance on the US dollar and other currencies.
Moreover, the low interest rate environment is also expected to support the rally of gold. With interest rates at historic lows, investors are turning to alternative assets such as gold in search of higher returns. This increased demand for gold is likely to push its price higher in the coming years.
In conclusion, while the overall outlook for commodities in 2025 may be bleak, gold is expected to continue its upward andamento. The trade tensions, economic slowdown, and shift towards renewable energy are all factors that will contribute to the decline of commodity prices. However, the unique characteristics of gold as a safe-haven asset, along with other factors such as central bank diversification and low interest rates, are expected to keep its price on an upward trajectory. Investors should keep a close eye on these developments and consider adding gold to their portfolios as a hedge against market volatility.
