Gold, copper underpin commodities outlook as oil, grains eye recovery
Commodities are entering 2026 on a firmer footing, with gold and copper supported by strong structural drivers and the potential for recovery emerging in oil and grain markets later in the year, according to Ninety One’s ‘Natural Resources Outlook’, published on January 19. The outlook indicates that tighter conditions in key base metals, shifting dynamics in energy markets and an expected turn in agricultural balances are creating a more differentiated environment across natural resources, increasing the importance of selectivity.






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