Drop-In: Commodities catch-up – What next for energy, gold and agriculturals?

Our Commodities team hosted a 20-minute online briefing on the latest developments across commodity markets on Thursday 3rd September. The team highlighted key risks to prices as the US-Iran confrontation drags into its seventh month, as fiscal fears roil bond markets and as probabilities point to the most powerful El Niño on record. The team answered your questions as they addressed key issues, including:

• Energy: How much longer can energy markets absorb the disruption from the conflict, and how great is the risk of a supply crunch?
• Gold: What does the recent bond-market sell-off mean for gold, and how might changing expectations for the dollar affect prices?
• Agriculturals: Upcoming revisions to our forecasts as El Niño takes shape and fertilizer supply disruptions add to the risks.