Commodities Outlook 2024: Cautious optimism

Supportive fundamentals, lingering geopolitical risks and expectations of Federal Reserve easing suggest the complex will trend higher next year. However, with plenty of uncertainty over global growth, we hold a cautiously optimistic view for commodities in 2024

Warren Patterson

Head of Commodities Strategy

Ewa Manthey

Commodities Strategist

Commodities montage_ — Commodities were the best performing asset class in 2021 and 2022. But the complex has fallen this year.

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Softs Oil Natural gas Metals Energy Commodities Agriculture 2024 Outlook

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4 December 2023

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Authors

Warren Patterson

Head of Commodities Strategy

Ewa Manthey

Commodities Strategist

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