Precious Metals Update China’s PGMs import data show some areas of strength The latest data on China’s imports of platinum group metals (PGMs) are consistent with early signs of stronger vehicle production. However, platinum jewellery demand appears to have moderated. 21st October 2015 · 1 min read
Precious Metals Update What are local premiums telling us about gold demand? Negative gold premiums, the difference between local prices and international benchmarks, in India have prompted fears of a slowdown in consumption from one of the largest market players. While a weak... 16th October 2015 · 1 min read
Precious Metals Update South Africa’s strikes to provide further boost to gold price While the Fed has been the biggest driver of gold prices recently, labour tensions in South Africa could provide a further boost. We believe that the gold market is already quite tight after prolonged... 12th October 2015 · 1 min read
Precious Metals Update What’s holding back gold? The price of gold has rallied, helped by the Fed’s reluctance to raise US interest rates, but still looks likely to end the year some way below January’s peak of around $1,300 per ounce. However, gold... 8th October 2015 · 1 min read
Precious Metals Update US trade in silver bullion boosted by strong coin demand US imports and exports of silver bullion and doré picked up in July, as government mints across the world struggled to keep up with unexpectedly strong demand for silver coins. In contrast, trade of... 5th October 2015 · 1 min read
Precious Metals Update Platinum plummets as VW scandal engulfs Audi and Skoda The platinum price is trading close to the lowest level in over six years in response to revelations that Volkswagen (VW) was not alone in cheating on emissions tests for its diesel cars in the US and... 29th September 2015 · 1 min read
Precious Metals Update What does the VW scandal mean for PGMs? Last week, Volkswagen (VW), the biggest European car maker, was engulfed in a scandal for using a hidden software to deceive American regulators when measuring emissions from its diesel-engine cars... 25th September 2015 · 1 min read
Precious Metals Update Q2 2015 Platinum Quarterly In its latest Platinum Quarterly report, published today, the World Platinum Investment Council (WPIC) depicted a challenging time for platinum in Q2. With the exception of investment demand... 8th September 2015 · 1 min read
Precious Metals Update China’s imports of gold recover as local equities lose their appeal Mainland China’s gold imports from Hong Kong and Switzerland recovered in July after a weak June. We expect total imports by China and India to pick up in the second half of the year as low prices and... 2nd September 2015 · 1 min read
Precious Metals Update Gold and silver to end the year on the up The price of gold is vulnerable to one last dip if, as we anticipate, the Fed presses ahead with a first hike in US interest rates soon. We have reflected this risk in our end-Q3 forecast of $1,050... 1st September 2015 · 1 min read
Precious Metals Update Gold price to be supported by central banks’ buying In the last month, China has added a further 19 tonnes to its official holdings of gold. This supports our view that China’s gold accumulation will continue and that official purchases will be one of... 18th August 2015 · 1 min read
Precious Metals Update Q2 World Gold Council Demand Trends In its latest World Demand Trends report, published today, the World Gold Council depicted a challenging time for gold in Q2. Demand was weak across all sectors but supply also fell, meaning that... 13th August 2015 · 1 min read
Precious Metals Update Currency depreciation won’t help producers much longer Depreciating producer currencies have played a major role in cushioning mining companies’ margins in recent years. However, with the prices of most precious metals below production costs even in local... 7th August 2015 · 1 min read
Precious Metals Update Platinum price to benefit from risk of industrial unrest The slump in platinum prices to the lowest level in over six years has forced South Africa’s mining companies to restructure, leading to job cuts. With the situation between labour unions and miners... 28th July 2015 · 1 min read
Precious Metals Update How low could gold go? In an earlier Precious Metals Update, “Quantifying the downside – and upside – for gold” (13 th March), we suggested that the gold price could fall as low as $850 per ounce in a worst case scenario... 23rd July 2015 · 1 min read
Precious Metals Update What are global auto sales telling us about PGM demand? Despite slowing auto sales in China, we believe autocatalyst demand for platinum and palladium will increase by at least 3% in 2015, helping to underpin our positive view on the prices of both metals... 23rd July 2015 · 1 min read
