Industrial metals will perform strongly into 2026 and beyond, says BofA's Francisco Blanch

Market Drivers for Gold - Gold's price surge is attributed to anticipation of Federal Reserve rate cuts, global bond market trends, and central bank activity [1][2] - Three simultaneous factors influence gold: questions surrounding Fed independence and the dollar's future amid rising crypto interest; uncertainty about interest rate paths with potential cuts; and fiscal concerns [3] - A significant battle looms in the Supreme Court regarding the validity of President Trump's tariffs, impacting the budget deficit [4] Investment Strategies - A range of instruments can be used to access gold, including ETFs, gold equities, and alternatives like silver [5] - Platinum and palladium markets have rallied in tandem with gold, presenting potential investment opportunities [6] Metals Market Outlook - Potential inflation across the entire metals complex is anticipated [6] - The industrial metals complex is expected to perform strongly into 2026 and beyond [6]