In 2025, global commodity prices are anticipated to decline due to a sluggish economic outlook and a strong U.S. dollar. However, gold and natural gas prices are expected to rise this year. In 2024, gold served as a hedge against inflation, leading to significant price increases, while other commodities, like iron ore, struggled due to weak demand from China. Experts predict continued pressure on commodities overall, with crude oil facing downward trends caused by a supply glut and lower-than-expected demand growth. Natural gas prices have surged following disruptions in supply due to geopolitical events and cold weather, with forecasts suggesting a 40% rise in prices for 2025.
Gold prices, after a remarkable year in 2024, are expected to see new highs driven by investor optimism amid geopolitical concerns and government debt levels. Silver and platinum are also predicted to increase, especially with the rising demand in solar energy technology. Conversely, copper prices may decline due to potential slowing in energy transitions influenced by policy changes. Iron ore is forecasted to fall due to oversupply, while cocoa and coffee prices may moderate after reaching high levels in 2024 due to favorable production conditions.
