BNP Paribas Wealth Management Our Investment Strategy for January 2026
Jan 15, 2026
Edmund Shing, the Global Chief Investment Officer at BNP Paribas Wealth Management, shares insights into investment strategies for January 2026. He discusses the stellar performance of commodities, particularly precious metals like gold and silver, predicting continued potential due to strong demand and central bank actions. Shing emphasizes copper's crucial role driven by electrification and mentions promising industrial metals like aluminum and nickel. He also explores the ongoing market shift from tech stocks to cyclical value stocks, highlighting opportunities in various global regions.
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Precious Metals Have More Room, But Not A Repeat
- Gold and silver likely have further upside but not a repeat of 2025's exceptional gains.
- Central bank buying, rising investor demand in Asia, and geopolitical volatility support higher prices.
Silver's Dual Demand And Limited Primary Supply
- Silver combines monetary and industrial demand, which strengthens its case beyond purely investment flows.
- Primary silver mine supply is largely a byproduct, limiting fresh supply response to higher prices.
Buy Copper Exposure To Ride Structural Demand
- Consider buying physical copper and producers because electrification and AI-related demand will push consumption higher.
- Expect constrained new mine investment and potential for prices to be squeezed upward.