HSBC projects Brent crude oil to average $82.5 /barrel and gold to average $1,825 in 2024

<p>HSBC is forecasting high commodity prices this year before falling in 2025:</p><ul><li>projecting commodity prices to rise by an average of 2% in 2024</li><li>then to fall by 4% in 2025</li><li> project Brent crude oil to average $82.5 per barrel</li><li>project gold to average $1,825 an ounce in 2024</li></ul><p>HSCB citing:</p><ul><li>tightened supply</li><li>better demand from China</li><li>global energy transition</li><li>geopolitical risks and expectations of looser monetary policy in H2 of 2024 will add to the upside</li></ul><p>And note downside risks include:</p><ul><li>ongoing slowdown in global growth</li></ul><p>Info via Reuters </p>

This article was written by Eamonn Sheridan at www.forexlive.com.