Bullish on Commodities: Shah Reveals Top Five Buy-On-Dip Assets
Kunal Shah, Head of Commodity Research at Nirmal Bang, remains optimistic about commodities despite inflation and interest rate hike concerns. He attributes this optimism to continued liquidity infusions and currency debasement.
Shah identifies Gold, Silver, Copper, Crude Oil, and Sugar as his top five buy-on-dip commodities. He highlights that sugar could surge by 33% due to El Nino and the E20 mandate.
The expert also notes that massive central bank diversification is driving gold's rally. Additionally, he mentions that depleting global reserves could soon push Brent crude oil prices well past $100 mark.