Bank of America 2024 commodities outlook

While tight monetary policy and a strong U.S dollar held back commodities in 2023, the inverse may support commodities in 2024. That’s according to Bank of America Merryl Lynch, who has a $90 price target on a barrel of Brent crude in 2024, sees gold reaching $2400 if the Fed cuts in the first quarter next year and expects copper and aluminum to hit $10,500 per tonne and $3000 per tonne respectively. CNBC Africa is joined by Michael Widmer, Head of Metals Research, Bank of America.
Thu, 14 Dec 2023 11:58:58 GMT

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