Gold Will Stay at Record Levels, Says Wincrest's Bernard

Core Insights - The global commodities market, particularly metals like gold, silver, platinum, and palladium, is experiencing significant upward momentum, with gold expected to maintain high values due to increased interest as a portfolio asset and a weakening U.S. dollar [1][3][6] Metals Market Overview - Central banks are currently buying gold and selling U.S. dollars, contrasting with past trends where they were dumping gold [2] - The Bloomberg Commodities Index has risen by 13.6% this year, marking the best performance since 2021 [6] Specific Metals Analysis - Palladium and rhodium are gaining traction, with opportunities identified in the PGMs (platinum group metals) sector, despite challenges in the EV market [4][5] - Copper has seen a strong year due to anticipated U.S. tariffs and supply disruptions from mining fatalities, with a break-even price of $4.50 per pound for miners [9][10] Investment Opportunities - There is potential for mergers and acquisitions (M&A) in the copper sector, as major companies look to accelerate growth by acquiring smaller firms [11] - A specific Tier one copper mine in Ecuador, named Solaris, is highlighted as an attractive investment opportunity due to its long-term potential and lack of major off-takers [12][13]