All Commodities articles
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White papersEurope Aiming for Strategic Autonomy
“Europe’s strategic autonomy is about securing long-term economic resilience, diversifying the region’s external dependencies and enhancing competitiveness. This will open-up long-term investment opportunities across sectors.”
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White papersCross Asset Investment Strategy - February 2026
Gold, silver, copper, oil: forces shaping the market - January’s end brought a bout of extreme volatility across commodity markets. Several commodities appear to have been hit by a correction after short-term euphoria, likely prompting the unwinding of speculative positions at month-end in silver, platinum, tin, US natural gas (NG) and the euro.
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White papersWhat could a Warsh-led Fed mean for markets?
On 30 January 2026, Donald Trump tapped Kevin Warsh — a former Fed governor between 2006 and 2011, and prominent policy hawk in a few past episodes — to take over from Jerome Powell as the US Federal Reserve Chair when Powell’s term ends in May.
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White papersGold, silver, copper, oil: forces shaping the market
January’s end brought a bout of extreme volatility across commodity markets. Several commodities appear to have been hit by a correction after short-term euphoria, likely prompting the unwinding of speculative positions at month-end in silver, platinum, tin, US natural gas (NG) and the euro.
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WebinarWorld in chaos after Davos? Impact on Markets
During this webinar, our experts Philippe d’Orgeval, Deputy Group Chief Investment Officer, and Monica Defend, Head of Amundi Investment Institute & Chief Strategist, moderated by Danae Quek, Senior PR Manager, explored how the latest surge in geopolitical tensions, renewed tariff threats, and mounting concerns over public finances are shaping market behaviour and influencing investor positioning.
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White papersDancing Through the Lightning Strikes? The Ongoing Case for Gold
The extraordinary return from gold in recent months, followed by an abrupt spike in volatility, ensures that questions about gold allocations come up in every single client meeting. But investors worry whether, after such a rally, there is still a case to own gold. We maintain our recommendation for a strategic allocation as part of an allocation to non-fiat, zero-duration assets.
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White papers
Global Investment Views - February 2026
The year began eventfully, with the US using its military strength and economic leverage to achieve President Trump’s foreign policy goals. The Fed receiving subpoenas and military action in Venezuela did not move oil prices and risk assets. But his threats to the sovereignty of a NATO ally sparked temporary volatility, with markets eventually recovering from that scare and US lagging the other regions. Fiscal profligacy and inflation concerns in Japan pushed bond yields up.
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White papersImplications of the US move on Venezuela
Following a targeted US military operation, Nicolás Maduro and his wife were exfiltrated from the country and transferred to New York to face long-standing narco-terrorism charges. The capture itself reportedly did not involve extensive firefights, having been carefully planned to enable the safe insertion and extraction of US Delta Force and other units.
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White papersAssessing Venezuela Oil Supply Risks
The dramatic U.S. intervention in Venezuela has raised expectations of a rapid supply boost, but we anticipate a slower, more complex recovery in exports given operational constraints, legal frictions, and years of underinvestment in the sector.
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VideoGemcast Episode 7: The emerging critical mineral challenge
In episode 7 of Gemcast, Viloshan Govender, Portfolio Manager at Gemcorp Capital, discusses the huge growth in demand for critical minerals, the key drivers behind this and the crucial role the emerging world has to play in meeting this. Drawing on his career journey he sheds light on the challenges investors face and how Gemcorp Capital is using its expertise to unleash this opportunity.
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White papersThe ‘Disruptive Ds’ Powering Commodities Markets
Commodities exposure could help adapt diversified portfolios for a changing world—eight trends explain why.
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White papersCross Asset Investment Strategy - October 2025
Topic of the month - Gold beyond records
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White papersGold beyond records
Gold has hit multiple record highs in 2025, recently surging past the $4,000 mark and climbing over 20% since mid-August. In our view, both cyclical and structural factors are contributing to this growth: growing unpredictability in macroeconomic and geopolitical landscapes, demographic shifts, structurally higher demand from central banks (CBs), expectations of Fed rate cuts, and a weak dollar are all supporting factors, and most recently, higher political uncertainty with the US shutdown.
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White papersAutomating Insight Extraction from Oil And Gas Sector Climate Disclosures with AI
Environmental, social, and governance (ESG) reporting has become a cornerstone of corporate transparency and accountability, especially within high emission sectors such as oil and gas. However, the traditional methods of extracting meaningful insights from ESG data are time-consuming and are in general processed manually.
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White papersGold is on track for a strong year
Gold prices set new record highs recently above $3,700 per ounce and are on track to deliver returns above 40% this year, the strongest yearly performance since 1980. This stellar performance follows already strong gains in 2023 and 2024, and compares with the long-term average annual return of around 6.0%.
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White papersWhen down is up and South is North: Trade finance and tariffs
Tariffs continue to dominate headlines, drawing the focus of policymakers, businesses and consumers alike. These trade barriers, often enacted to shield domestic industries, can have profound effects on global commerce. A well-structured trade finance strategy offers investors the potential ability to seize these emerging opportunities.
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White papersOversupply risks rise as oil demand softens: Quick takes on capital markets
Diverging inflation trends and weak growth leave the ECB cautious, as markets debate whether September marked the final rate cut—underscoring the uncertainty around Europe’s monetary policy path and its impact on investor sentiment.
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White papersUnified Global Alternatives – Hedge Fund Bulletin: Monthly Hedge Fund Update – July 2025
Risk assets produced mostly positive performance in July as investors focus shifted towards constructive earnings, strong inflows from both retail and professional communities, as well as a softening in early month factor rotation pressures. The Dow Jones Industrials, S&P500 and the NASDAQ had positive performance. In Equity / Hedged, US Equity Hedged strategies produced mostly positive returns.
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White papersIn Choppy Waters, Gold Remains a Firm Anchor
The sudden threat of U.S. tariffs on gold bars took markets by surprise—and reaffirmed our enduring investment case for gold.
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White papersDecoding Key Signals in the Relative Prices of Precious Metals
We believe the interplay among the prices of precious metals has important implications for constructing resilient, full-cycle commodity portfolios.
