Wells Fargo Is Now Bullish Commodities

The supply-demand fundamentals are turning in favor of commodities for 2019, especially the metals, this according to John LaForge, head of Real Asset Strategy at Wells Fargo.

“Metals are the one real positive we like above and beyond everything else, particularly silver, particularly platinum. So we like commodities, but we especially like the metals,” LaForge told Kitco News.

Gold is expected to lag its peers in the metals space, but Wells Fargo is still placing a 2019 target on the yellow metal on $1,300 an ounce.

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Name Last Change
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Resource Commodities

Name Last Change
Gold 1291.55 0.11%
Silver 15.50 0.45%
Copper 2.69 0.040
Platinum 808.00 0.43%
Oil 52.31 0.38%
Natural Gas 3.38 3.46%
Uranium 28.88 0.00%
Zinc 1.12 0.00%