The artificial intelligence revolution is usually presented as a boom in semiconductors, software and computing power. But behind every AI model is an increasingly large physical infrastructure of data centers, electricity generation, transmission networks and strategic raw materials. The next major bottleneck for AI development may therefore be found not only in chips, but in … [Read more...] about AI Is Becoming an Energy, Grid and Metals Supercycle
Commodities
Gold and Precious Metals Outlook 2026: Monetary Headwinds Versus Fiscal Risk
Gold, silver and other precious metals delivered extraordinary gains through 2025 before entering a much more volatile environment in 2026. The central question for investors is now whether renewed monetary tightening will overpower the structural support coming from fiscal deficits, sovereign debt concerns, central-bank demand and geopolitical uncertainty. From the 2025 … [Read more...] about Gold and Precious Metals Outlook 2026: Monetary Headwinds Versus Fiscal Risk