Revising our forecasts – lower for oil; higher for gold: The MUFG Global Markets Podcast

Over recent weeks, global markets have seen the largest bank collapse since 2008, the largest 2-year US Treasury yield drop since 1987 and two of the largest European banks pushed into a merger to ensure broader systemic stability. Such scarring has different reverberations across the commodities complex.

Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research (EMEA), discusses why he is lowering his oil price forecasts which is more mark-to-market premised on a delivered market environment, and raising his gold price projections as elevated recessionary angst bring an asymmetry to the fore that skews the precious metal returns to the upside in an unparalleled manner.

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