The Commodity Exchange

Precious metals after the rally: what happens next? | The Commodity Exchange 27.05.2026 49min

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.

Oil, gold and commodities after the Strait of Hormuz shock | The Commodity Exchange 11.05.2026 57min

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.

Oil, geopolitics, and the next commodity supercycle | The Commodity Exchange 31.03.2026 43min

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.

Strategic or tactical? The structural case for commodities | The Commodity Exchange 02.03.2026 52min

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.

When safe havens test conviction: gold rising, silver swinging | The Commodity Exchange 09.02.2026 31min

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.

What if the true driver of global prosperity is buried underground? | The Commodity Exchange 28.11.2025 31min

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.

Gold’s hot. Silver’s rallying. What next for precious metals? | The Commodity Exchange 17.10.2025 40min

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 in a realigning world: tariffs, tensions, and tailwinds | The Commodity Exchange 19.09.2025 45min

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

Inside platinum’s rally: supply deficits, tariffs, and Chinese demand | The Commodity Exchange 22.08.2025 32min

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.

Risk on the rise: how conflict, tariffs and deficits are moving commodities | The Commodity Exchange 10.07.2025 47min

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/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWTFor EU Investors Only:Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Precious metals in 2025: gold steady, silver lags, platinum breaks out | The Commodity Exchange 11.06.2025 56min

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/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWTFor EU Investors Only:Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Gold’s surge, silver’s potential, and copper’s comeback | The Commodity Exchange 19.05.2025 55min

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/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWTFor EU Investors Only:Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

More than metals: Mining’s new role in community impact | The Commodity Exchange 30.04.2025 44min

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/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWTFor EU Investors Only:Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Powering the future: why rising electricity demand could drive a new commodities boom | The Commodity Exchange 21.03.2025 36min

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/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWTFor EU Investors Only:Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

Biting back: The commodities set to thrive in the Year of the Snake | The Commodity Exchange 06.03.2025 44min

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 at all-time highs: what’s driving the surge? | The Commodity Exchange 21.02.2025 55min

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/NiteshShahWTMobeen: https://twitter.com/MobeenTahirWTFor EU Investors Only:Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/commodities-hub

From fire to foresight: Energy market predictions for the Year of the Snake | The Commodity Exchange 31.01.2025 48min

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

Platinum: Supply, demand, and market dynamics | The Commodity Exchange 10.12.2024 47min

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

President Trump's victory and its ripple effects on commodities | The Commodity Exchange 19.11.2024 41min

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

Commodity outlook: Navigating the precious metals surge | The Commodity Exchange 15.10.2024 55min

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