Gold, Oil, and Copper Prices Are Set to Rise, This Energy Analyst Says. What’s Driving Demand Now

By Avi Salzman – Barron’s

Jeff Currie has been charting the path of commodities for decades, scouring the globe for clues to where oil, coal, copper, and gold prices might be headed next. Currie spent 27 years at Goldman Sachs, eventually becoming the head of global commodities research. His correct predictions about China’s rise in the early 2000s and the U.S. shale boom in the 2010s have shaped the investment conversation around commodities for years.

Jeff Currie has been charting the path of commodities for decades, scouring the globe for clues to where oil, coal, copper, and gold prices might be headed next. Currie spent 27 years at Goldman Sachs, eventually becoming the head of global commodities research. His correct predictions about China’s rise in the early 2000s and the U.S. shale boom in the 2010s have shaped the investment conversation around commodities for years.

This year, Currie was named the chief strategy officer for energy pathways at Carlyle, analyzing commodity markets and investment ideas for the private-equity firm’s infrastructure and energy teams.

Currie recently spoke with Barron’s about the markets’ latest moves, and why he’s more convinced than ever that commodities have entered a new “supercycle” that will lift copper, gold, and oil prices.