Bank of America forecast, Stock prices for aluminum, copper and nickel will rebound in the next six months. Other industrial metals, like silver, Brent crude, natural gas and agricultural prices will also rise. But weak returns on cotton, zinc, corn, soybean oil and KCBT wheat.
While futures premiums for multiple varieties, including metals, grains and natural gas, still weigh on returns for commodities. November natural gas futures premium still fell sharply.Gold and silver futures also expanded, with front-month contracts up 1.7% and 2.1%, respectively.
The Bank of America forecast, US GDP will face cyclical and structural benefits in 2025, GDP expected to grow 2.3% and inflation above 2.5%. That could push interest rates higher. However, U. S. trade policy could put pressure on global emerging markets and commodity prices.
Post time: Dec-09-2024