Commodities prices to trend higher in 2023 and beyond – UBS

The global commodities sector has come under pressure in March. But strategists at UBS remain most preferred in this asset class.

Playing the long game in commodities

“We continue to see opportunities in longer-dated Brent Oil contracts with a price target of $100/bbl.” 

“We also recommend a long Platinum trade, with a price target of $1,150 due to the metal’s close correlation to Gold.”

“We also see opportunities in selling the downside price risks in Crude oil, Copper, Nickel, Gold and Platinum.”

See – Gold Price Forecast: XAU/USD could reach end-March 2024 target of $2,100 earlier than expected – UBS