Commodities
Gold Will Shine in Bearish Year Ahead for Commodities, ING Says
- Trade tensions will weigh on most commodities but lift bullion
- Markets will look to Chinese stimulus measures for support
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Tensions between the US and China may weigh on energy and commodities markets next year, while the outlook remains bright for gold, ING Groep NV said.
President-elect Donald Trump’s pledges to slap tariffs on trading partners, and possible retaliation, could roil markets including oil, metals and agriculture as traders also look to stimulus measures from China to boost consumption, the lender said in its 2025 outlook.