In this episode of The Commodity Exchange, Nitesh Shah is joined by Josef Schachter of the Schachter Energy Report to unpack the recent volatility in oil prices and what it means for investors. They discuss supply dynamics, strategic reserves, and how geopolitical tensions are shaping short-term price movements.

Beyond the headlines, the conversation expands into a broader view of commodities, from energy markets to metals and food, and the case for a new commodity supercycle driven by underinvestment and rising demand from emerging markets.

In this episode of The Commodity Exchange, Nitesh Shah is joined by Tobias Lazar to explore the strategic role of commodities. They discuss diversification, inflation protection, the US dollar effect, and where we are in the economic cycle. They also explain how commodity indices are constructed, why futures curve positioning matters, and how next-generation strategies aim to reduce roll drag and improve outcomes.

From gold and silver to cocoa, copper and crude oil, this episode unpacks how commodities behave and why they may matter more than investors realise.

Mining is no longer just about extraction—it’s about creating lasting value for local communities. In this episode of The Commodity Exchange, host Nitesh Shah is joined by Dr. Ingrid Putkonen, Founder and Managing Director of Metals for Humanity, to explore how mining companies are rethinking their role in society. From using silver to improve access to clean water to building traceable supply chains and embedding ESG into the business model, they discuss how mining can become a force for good in an increasingly complex global landscape.

You can follow our hosts on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

As data centers, electrification, and AI drive electricity demand to new highs, what does this mean for commodities? In this episode of The Commodity Exchange, host Nitesh Shah is joined by James Whiteside of Wood Mackenzie to explore how the energy transition, data centre expansion, and growing EV adoption are reshaping the demand for key resources. From copper and lithium to rare earths and aluminium, they break down the metals and materials essential to the future of energy—and whether supply can keep up with surging demand.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Commodity markets are facing headwinds from rising bond yields, a strong dollar, trade wars, and China’s economic slowdown—but not all assets will struggle. In this episode of The Commodity Exchange, Mobeen Tahir and Nitesh Shah explore which commodities are set to thrive despite the risks. From gold’s surprising resilience to silver’s breakout potential and the energy transition fuelling demand for base metals, they break down where investors can find opportunities in 2025.

For EU Investors Only:

For more valuable insights and to stay ahead in the ever-evolving world of commodities, visit wisdomtree.eu/outlook

Gold has reached record highs in 2025, but what’s fuelling the rally? In this episode of The Commodity Exchange, host Nitesh Shah speaks with James Steel, Chief Precious Metals Analyst at HSBC, to break down the key drivers behind gold’s latest surge. From central bank demand to shifting geopolitical risks, they explore why investors are turning to gold despite rising bond yields and a strong U.S. dollar. Tune in for expert insights on gold price trends, silver’s potential breakout, and what lies ahead for precious metals markets.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

In this episode of The Commodity Exchange, Nitesh hosts Aldo Spanjer, Senior Commodity Strategist at BNP Paribas, to explore the intricate dynamics of the oil and gas markets as we transition from the Year of the Dragon to the Year of the Snake. Reflecting on a year that ended with a surprising rally in energy prices, Aldo discusses the impact of geopolitical tensions, including the Middle East conflict and increased sanctions on Russia, on oil and gas prices. The conversation also covers President Trump's energy policies, the implications of tariffs on Canada and Mexico, and the challenges facing the European natural gas market. Tune in for expert insights into the factors driving energy prices and what to expect in the coming months as we move into the Year of the Snake. You can follow our panellists on Twitter at: Nitesh: https://twitter.com/NiteshShahWT Mobeen: https://twitter.com/MobeenTahirWT For EU Investors Only: Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

In this episode of The Commodity Exchange, Nitesh and Mobeen discuss the current state and future outlook of platinum with Edward Sterck from the World Platinum Investment Council. They explore the fascinating dynamics of platinum as a commodity, including supply constraints, demand from the automotive sector, the role of hydrogen, and the impact of geopolitical factors such as the Russia-Ukraine war. The conversation also delves into jewellery demand, the relationship between platinum and gold, and the influence of palladium on platinum pricing.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

In this episode of The Commodity Exchange, Nitesh and Mobeen are joined by Judith Henke, Editor, Investment and Markets team, Handelsblatt. Together they discuss the outcome of the US elections and the effect President Trump's victory has had across commodity markets.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of The Commodity Exchange, join Nitesh and Mobeen as they delve into the latest trends and insights in the commodity markets. In this episode, they explore the surge in precious metals, driven by geopolitical tensions, central bank policies, and investor sentiment. Discover why gold and silver are shining bright and what the future holds for these valuable assets. The discussion also covers the impact of China's stimulus on industrial metals, the dynamics of the energy market amidst Middle Eastern conflicts, and the tactical opportunities in agricultural commodities influenced by weather patterns.

For EU investors:

For more valuable insights and to stay ahead in the ever-evolving world of commodities, visit wisdomtree.eu/outlook

Gerard Reid, co-founder and partner at Alexa Capital, discusses the energy transition and its investment opportunities. He highlights the importance of identifying and financing promising technologies in order to drive the transition. Reed emphasizes the complexity of the energy transition and the need for education and independent views. He believes that the energy transition is a revolution rather than a transition, with winners and losers emerging. Reed also discusses the role of AI, electric vehicles, energy storage, and commodities in the energy transition.

Is the energy transition sustainable?

On this episode of The Commodity Exchange, Nitesh and Mobeen are joined by Marcel Gauch from EMPA as he delves into the sustainability of our energy transition. Discover the challenges of using finite resources, the potential of abundant materials like silicon, and the future of renewable technologies. Explore the role of batteries, hydrogen fuel, and biofuels, and understand the environmental impact of new technologies. Marcel also shares his views on nuclear energy and the importance of responsible mining. Tune in for a comprehensive look at the material limits of our energy future!

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

Gold is climbing steadily. Silver is spiking and sliding. In this episode of The Commodity Exchange, host Nitesh Shah speaks with Philip Newman, Managing Director at Metals Focus, to unpack the forces driving recent moves in the precious metals market. They discuss silver’s wild volatility, tariff-driven flows, ETF positioning, and why central banks and retail investors are still backing gold. This is a timely conversation about conviction, liquidity and the evolving safe haven story.

Join Nitesh and Mobeen as they explore the impact of investor sentiment on commodities with special guest Warren Pies, founder of 3Fourteen Research. Discover a data-driven perspective on oil and gold, the influence of the Federal Reserve’s policies, and the strategic moves of central banks and OPEC+. This episode offers a succinct analysis of market regimes, climate change effects on energy commodities, and the factors driving industrial metal demand. Catch the insights that shape the energy and metal markets, right here on The Commodity Exchange.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

Commodities have been experiencing a rally across all sectors, driven by positive action and big picture forces.

In this episode of The Commodity Exchange, Nitesh and Mobeen discuss the recent rally in commodities, covering precious metals, energy, industrial metals, and agriculture.

They discuss the rally in gold and silver, the role of central banks and China in driving demand, and the potential upside for silver. They also talk about platinum and palladium, the impact of the energy transition, and the tight supply in platinum. They touch on copper and its importance in the energy transition, as well as natural gas and its seasonality. Finally, they discuss the recent rally in wheat and other agricultural commodities.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of The Commodity Exchange, Nitesh and Mobeen are joined by Edward Sterck, Director of Research, World Platinum Investment Council. Together they delve into the fascinating world of platinum. From exploring its cyclical and structural narratives to dissecting recent Middle East tensions’ impact on commodities, this podcast covers it all. Join the conversation as they discuss record deficits in platinum, supply challenges in South Africa and Russia, automotive sector trends, the rise of green hydrogen, and the future demand for this precious metal. Plus, get insights into gold, silver, oil, industrial metals, and European carbon markets—revealing positive signs and improving investor sentiment.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In the first half of this Episode of The Commodity Exchange, Nitesh and Mobeen are joined by Nick Stadmiller, head of product at Medley Advisors. Together they discuss key macroeconomic topics related to commodity markets. The conversation covers central bank activity, the polarization of central banks, expectations from the Fed, risks of surprises, the ECB's timing and actions, China's economic prospects, deglobalization and emerging markets, and the economic implications of the US election. In the second half of this episode, Nitesh and Mobeen reflect on the topics covered with Nick and discuss how they impact commodity markets, with a focus on gold and other precious metals.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

Nick: https://twitter.com/NickStadtmiller

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of The Commodity Exchange, Nitesh is joined by Steven Knell, Head of Power and Renewables, Wood Mackenzie and Aneeka Gupta, Director, Macroeconomic Research, WisdomTree. Their conversation explores the ongoing energy transition and its implications. They discuss the challenges and opportunities in the transition from fossil fuels to low-carbon energies, the role of strategic metals and rare earth minerals in the energy transition, along with the long-term growth drivers for these resources as well as the opportunities for miners geared towards the transition.

(00:00) Introduction

(05:13) Reflection on 2023 and the Energy Transition

(08:34) The Role of Strategic Metals and Rare Earth Minerals

(13:27) Long-Term Growth Drivers for Strategic Metals

(26:25) The Importance of China in the Energy Transition

(32:10) Opportunities for the Energy Transition Value Chain

(37:19) Opportunities for Miners Geared Towards the Energy Transition

(45:39) Earnings Season for Q4 2023 and Miners Geared Towards the Energy Transition

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Aneeka: https://twitter.com/AneekaGuptaWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of the Commodity Exchange podcast, Nitesh Shah interviews Philip Newman, Managing Director and Founder at Metals Focus, about the factors influencing gold and silver prices. They discuss the record highs in gold prices in December 2023, driven by geopolitical issues and rate cut expectations. They also explore the trends in central bank gold demand, the retail market, and the behaviour of institutional investors. Additionally, they examine the gold to silver ratio and the silver market deficit, particularly in relation to the rising demand for photovoltaics.

(00:00) Introduction and disclaimer

(03:11) Gold hitting record highs in December 2023

(05:19) Geopolitical issues and gold price pressure

(09:40) Rate cut expectations and gold prices

(15:32) Central bank gold demand in 2023

(22:31) Trends in the retail market

(27:10) Institutional investor behaviour

(29:27) Impact of US elections on gold prices

(33:24) Gold to silver ratio and silver performance

(35:32) Silver market deficit

(40:24) Rising demand for photovoltaics and silver

(41:42) Conclusion

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of The Commodity Exchange, Nitesh and Mobeen get together to discuss the outlook for 2024 after an eventful 2023 for commodity markets.

(00:00) Intro and disclaimer

(01:46) Are commodities a late cycle performer?

(04:32) Will 2024 also be a good year for defensive commodities?

(09:47) China's economic outlook for next year

(16:38) Evolving production challenges the world faces for raw metals

(25:25) Can investors hedge themselves against unforeseeable risks when investing in commodities?

(29:51) Outro

(30:41) Disclaimer

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of The Commodity Exchange, Nitesh and Mobeen are joined by Max Layton, Global Head of Commodities Strategy at Citi. Together they discuss the challenges the metals sector has faced so far in 2023 and they explore when and how we might see the fortunes of this commodity sector becoming brighter again.

(00:00) Intro and Disclaimer

(01:44) The precious metals sector

(12:17) Base metal space and London Metal Exchange Week

(15:27) Copper

(23:22) Nickel

(27:30) ESG and decarbonisation

(32:40) Lithium and the energy transition

(38:28) Closing question

(39:28) Outro and disclaimer

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode, Nitesh is joined by Warren Pies, Co-Founder & Strategist, 3Fourteen Research. Together they discuss what a late economic cycle entails and what it means for asset allocation.

(00:00) Intro and Disclaimer

(01:13) Meet Warren

(02:22) What is a late economic cycle? What is the evidence for one at this point in time?

(14:39) Are we are in restrictive Fed policy territory yet?

(19:19) Have there ever been any soft landings when we're in an inverted curve?

(22:02) Are late cycles good for commodities?

(23:23) Oil rally - are we close to the end?

(34:59) How can investors hedge against the uncertainty of soft landing?

(38:13) Gold - another portfolio diversifier

(39:12) What would take to trigger an overweight on commodities? And are we close to moving any of those triggers?

(42:00) Outro

(43:57) Disclaimer

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

Warren: https://twitter.com/WarrenPies

For EU Investors Only

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

In this episode of The Commodity Exchange, Mobeen is joined by Aneeka Gupta, Director, Macroeconomic Research, WisdomTree. Together they discuss how the realm of modern finance intersects with the sphere of agriculture. Learn about agricultural commodities and gain insights into how investors navigate this asset class in this episode. (00:00) Intro and Disclaimer (01:54) Meet Aneeka (04:02) Why do people invest in agricultural commodities as an asset class? (06:40) El Nino and La Nina (12:46) Correlations with other sectors or asset classes (16:09) Cyclicality in agricultural commodities (20:37) The Russia-Ukraine war (26:08) The intersection of agricultural commodities with the world of energy (30:12) The most credible organizations for obtaining news and research on this sector (31:45) Where is the sector headed for both the rest of this year and long term? (35:30) Closing comments (36:09) Disclaimer You can follow our panellists on Twitter at: Nitesh: https://twitter.com/NiteshShahWT Mobeen: https://twitter.com/MobeenTahirWT Aneeka: https://twitter.com/AneekaGuptaWT For EU investors only Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

We often credit innovation, finance or technology for powering the modern world. But what if the real story starts deeper underground? In this episode of The Commodity Exchange, host Nitesh Shah speaks with Scott Crooks, Principal Analyst at Codelco, to explore how metals like copper, steel and nickel have shaped the rise of nations and continue to drive global power dynamics. From the industrial revolution to the green energy transition, they unpack why mining is foundational to prosperity and what today’s infrastructure gaps tell us about tomorrow’s geopolitical shifts.

In this episode of The Commodity Exchange, Nitesh and Mobeen are joined by Ole Hanse, Head of Commodity Strategy at Saxo Bank.

Together they debate whether we are at a turning point in commodities after central bank hawkishness created headwinds for the asset class this year.

(00:00) Intro

(00:55) Disclaimer

(01:31) Meet Ole

(04:05) What big trends are we currently seeing?

(07:43) Are we reaching peak bearishness?

(11:00) US inflation - Can the Fed afford to take a break?

(14:09) Gold - Where do we see it going for the rest of the year?

(23:14) China

(27:49) What's going on in the world of agricultural commodities?

(31:12) Oil - what could allow it to break out of its current range?

(36:40) Closing discussion

(38:47) Outro and Disclaimer

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

This week, Nitesh and Mobeen are joined by Francisco Blanch, Managing Director, Head of Global Economics and Derivatives research at Bank of America Securities.

Together they discuss what common threads weave together the fate of energy and industrial metals and what forces might drive them apart in the future.

(00:00) Intro and Disclaimer

(01:51) Market recap

(04:40) Current positioning in oil futures

(07:40) Russian sanctions

(10:40) US oil rigs

(13:57) The IEA's June oil market report - China's recovery

(16:19) Thinking long term about oil prices

(19:15) Carbon markets and their role in energy transition

(22:30) Energy transition and its impact on industrial metals

(26:25) Where are the big tail risks in the commodity markets?

(29:17) Outro

(30:41) Disclaimer

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

This week, Nitesh is joined by James Steel, Chief Precious Metals Analyst at HSBC. Together they discuss all things gold and precious metals.

(00:00) Introduction and disclaimer

(02:00) Market recap

(04:35) Who are gold investors?

(08:53) The relationship between Gold and real rates

(12:40) The US Debt Deal - How will it affect gold?

(18:45) Background on James Steel and analysing the markets over the years

(29:44) Let's talk about other precious metals

(41:53) Outro/Disclaimer

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities

People have been investing in gold for thousands of years. Other asset classes have emerged, ownership structures have evolved, but the notion of holding physical gold as a store of wealth has endured the test of time. What is it about this commodity that still appeals to investors today? And how can we model its price behaviour? All of this and more in this episode of the commodity exchange.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

WisdomTree have launched another podcast series, The Next Big Thing.

Megatrends are changing our world. We’ve seen the internet and smartphones transform our lives and, more recently, have seen artificial intelligence touted as ‘the next big thing’, with the emergence of software like ChatGPT. So, what’s next?

Listen now:

https://open.spotify.com/show/71J5oczUPwL4AO7Gvml5Vk

https://podcasts.apple.com/us/podcast/the-next-big-thing/id1689034679

Welcome to the first episode of our new podcast The Commodity Exchange, a podcast for those looking to make sense of the landscape, and understand the key drivers behind prices.

Since the Covid-induced market crash at the start of 2020, commodities have had a strong run. This has encouraged many people to wonder if we are in a commodity supercycle. Are we in a supercycle? What cyclical and structural forces are driving commodity prices today, and might influence prices in the future? All of this and more in this episode of The Commodity Exchange.

You can follow our panellists on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

Commodities can be impacted by a whole host of factors, from geopolitical risk to climate change. For those looking to make sense of the landscape, and understand the key drivers behind prices, our podcast offers insights and academic discussion from Europe’s leading commodity exchange-traded fund provider.

Gold is above $4,000. Silver is up over 75% year-to-date. Even platinum and palladium are surging. In this episode of The Commodity Exchange, hosts Mobeen Tahir and Nitesh Shah break down the precious metals rally and WisdomTree’s latest gold outlook. They explore what’s driving prices higher—from dollar depreciation and rate cuts, to policy risk, tariffs, and Fed credibility. Nitesh also shares updated scenario forecasts for gold, discusses silver market dynamics, and explains how supply deficits and substitution effects are supporting platinum and palladium.

Commodities are no longer a sideshow—they’re the story. In this episode of The Commodity Exchange, hosts Mobeen Tahir and Nitesh Shah discuss WisdomTree’s latest outlook and break down what’s driving markets in 2025. From record gold prices, copper volatility, and oil’s OPEC dynamics, to the impact of tariffs, central banks, and a softening dollar, they unpack the macro and geopolitical forces reshaping the commodities landscape.

For EU investors only:

Check out the full outlook here: https://www.wisdomtree.eu/en-gb/wisdomtree-outlook

You can follow our panellists on Twitter at:Nitesh: https://twitter.com/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWT

Platinum has been one of the strongest-performing precious metals of 2025, with prices rising nearly 50% year-to-date. But what’s driving the rally? In this episode of The Commodity Exchange, host Nitesh Shah speaks with Wilma Swarts, Director of Platinum Group Metals at Metals Focus, to unpack the key forces behind platinum’s breakout. They explore the impact of supply constraints, the role of Chinese jewellery demand, the effects of tariff anxiety, and how automotive and industrial uses are evolving. Plus, they discuss the outlook for palladium, scrap supply, and the long-term case for platinum in the energy transition.

From Middle East tensions to the looming return of trade wars, commodities are once again in the spotlight. In this episode of The Commodity Exchange, hosts Mobeen Tahir and Nitesh Shah break down the complex drivers shaping global markets—from oil’s reaction to geopolitical flare-ups, to gold’s resilience in the face of uncertainty, and the surprising strength in platinum, silver, and copper. They explore the key risks investors should watch, including the Strait of Hormuz, OPEC’s shifting strategy, and potential tariffs on copper that are already warping global pricing dynamics.

You can follow our hosts on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Precious metals are taking centre stage in 2025—but not all are moving in sync. In this episode of The Commodity Exchange, hosts Mobeen Tahir and Nitesh Shah explore what’s driving gold’s continued strength, silver’s surprising lag, and platinum’s recent breakout. They also discuss broader market dynamics including OPEC’s shifting oil strategy, the impact of tariffs on copper and industrial metals, and what the latest macro trends mean for commodities. Plus, guest Edward Sterck from the World Platinum Investment Council joins to break down the supply constraints and investor sentiment reshaping the platinum market.

You can follow our hosts on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Gold has broken records and it may not be done yet. In this episode of The Commodity Exchange, hosts Mobeen Tahir and Nitesh Shah unpack what’s driving the gold rally and explore the potential for it to hit $4,000 or even beyond, depending on how macroeconomic and geopolitical scenarios evolve. But it’s not just about gold. Silver may be poised for a catch-up rally, copper is proving more resilient than expected, and oil is navigating shifting demand and supply dynamics. Get a full breakdown of what’s happening across the commodity spectrum—and what it means for investors in 2025 and beyond.

You can follow our hosts on Twitter at:

Nitesh: https://twitter.com/NiteshShahWT

Mobeen: https://twitter.com/MobeenTahirWT

For EU Investors Only:

Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

After another period of sharp rallies and sudden pullbacks, precious metals are once again commanding investor attention. But while gold and silver may be seen as safe havens, recent market moves have shown they are not immune to volatility.

In this episode of The Commodity Exchange, we speak with James Steel, Chief Precious Metals Analyst at HSBC, about what is driving gold, silver, platinum and palladium markets right now. The conversation explores why gold initially pulled back despite rising geopolitical tensions, how central banks and investors are behaving at current price levels, and what role inflation, bond yields and oil prices are playing across precious metals markets.

We also discuss silver’s industrial demand story, the impact of solar and electric vehicles, and why platinum markets are attracting renewed attention amid tightening supply and changing jewellery demand trends.

A few weeks ago, hardly anyone was talking about the Strait of Hormuz. Now, it's at the centre of global markets.

In this episode of The Commodity Exchange, we break down what the Middle East conflict means for commodities and the global economy. From oil and gold to industrial metals and agriculture, the ripple effects are now spreading across markets worldwide.