Shah's Bullish Bet: Commodity Price Surge Ahead

Kunal Shah, Head of Commodity Research at Nirmal Bang, remains bullish on commodities despite concerns about inflation and potential interest rate hikes. He attributes this optimism to continued liquidity infusions and currency debasement.

Shah's top five buy-on-dip commodities are Gold, Silver, Copper, Crude Oil, and Sugar. One of the key drivers for his selection is the El Nino weather pattern, which could lead to a 33% surge in Sugar prices due to increased demand. Additionally, Shah points out that massive central bank diversification is fueling gold's rally.

The Brent crude oil price may soon surpass $100 as global reserves continue to deplete, according to Shah. He notes that the E20 mandate will also impact Sugar prices positively.