Forex Blogs

Rajwinder Dhanda Rajwinder Dhanda

Market Analysis: Is the Era of High Oil and Gold Prices Coming to an End?

The global commodity markets are at a turning point, with gold and oil prices facing significant pressure due to shifting market dynamics. As geopolitical conflicts lose their impact, Iran's reduced aggression and a global shift towards green energy are redefining the landscape. Historical trends suggest that gold may soon see a correction towards $2,000 per ounce, while oil demand is expected to decline due to the rise of electric vehicles and renewable energy. Analysts predict oil prices could drop to as low as $50-$60 per barrel in the long run. With demographic changes, decarbonization efforts, and a potential return of Trump to power, the era of high commodity prices might be nearing its end. Investors should be prepared for these long-term shifts in market fundamentals.

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