Commodity Talk | Gold isn't the only story: Why copper, energy and other commodities are gaining portfolio relevance, says Dr. Joseph Thomas

Gold remains the traditional hedge against inflation and uncertainty, but the opportunity set is becoming much broader. Copper, for instance, is gaining structural relevance as demand from electric vehicles, construction, AI and data centres collides with limited investment in new mines and declining ore quality. Energy markets, meanwhile, remain critical for India, where higher crude prices can quickly feed into import costs, inflation and the balance of payments.

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