Precious Metals Update Gold price to tick up by end-2021 Despite the recent falls in the prices of precious metals, we still expect the gold price to edge higher over the coming year as US real yields drift a little lower. 23rd September 2020 · 2 mins read
Precious Metals Update Platinum price to stay high, for now We had previously expected the global platinum market to flip into a surplus this year as the measures taken to contain the coronavirus weighed on most types of demand for the metal. However, in light... 14th August 2020 · 4 mins read
Commodities Update Gold price to rise a little further by year-end Earlier this week, the gold price broke through the previous record set back in 2011 to reach an all-time high. Given that we now expect real yields to continue to grind lower, we have revised upwards... 7th August 2020 · 4 mins read
Commodities Update Lower real yields to support a higher gold price We have raised our forecast for the gold price, as we expect real yields to drift a little lower and remain low for some time. We now think that the price of gold will finish the year at $1,900 per... 21st July 2020 · 3 mins read
Precious Metals Update The surge in China’s PGM imports is misleading Soaring Chinese imports of platinum group metals (PGM) could be taken as a sign that end-use is racing back towards its pre-virus level. However, we think that higher imports merely reflect... 11th June 2020 · 2 mins read
Precious Metals Update Fears of inflation unlikely to boost gold price This year’s rally in the gold price has come on the back of a coronavirus-led surge in safe-haven buying and a plunge in interest rate expectations. More recently, however, we suspect that the uptick... 10th June 2020 · 3 mins read
Precious Metals Update Q1 2020 World Gold Council Demand Trends While a surge in ETF inflows offset weak physical demand in Q1, we don’t expect this to be repeated over the coming quarters. After all, many of the factors that have boosted the investment appeal of... 30th April 2020 · 3 mins read
Precious Metals Update Not much road left for gold The gold price has benefitted lately from demand for “safe” assets and an apparent easing of deflationary fears. While we also doubt that an extended period of deflation is on the cards, runaway... 17th April 2020 · 3 mins read
Precious Metals Update Gold jewellery demand takes a pounding The latest trade data show sharp contractions in gold imports by major consumers China and India, suggesting that gold jewellery demand has taken a battering. Until signs emerge that the spread of... 9th April 2020 · 3 mins read
Precious Metals Update Car sector woes spell bad news for PGMs As growing numbers of car companies idle production in response to COVID-19, we suspect that platinum group metals (PGM) demand will slow to a crawl. What’s more, job losses and income cuts due to... 6th April 2020 · 3 mins read
Precious Metals Update Deflationary fears a bad omen for gold Fire sales of gold have seemingly given way to safe-haven buying following yesterday’s unprecedented intervention by the Federal Reserve. Providing the Fed has injected sufficient liquidity to defend... 24th March 2020 · 3 mins read
Commodities Update Gold to find its feet later in the year In the last few weeks, we have revised down our forecast for global economic growth this year owing to the hit to activity from the coronavirus. At the same time, we now expect looser global monetary... 13th March 2020 · 3 mins read
Precious Metals Update Higher truck loadings no panacea for platinum The price of platinum has risen nearly 5% since the start of February, buoyed by heightened uncertainty prompted by the outbreak of COVID-19. Later this year, and assuming the virus is successfully... 20th February 2020 · 3 mins read
Precious Metals Update Silver to outperform gold in 2020 Heightened global uncertainty related to the outbreak of the coronavirus will support gold and silver’s investment appeal in the near term. Later this year, however, and assuming the disease is... 19th February 2020 · 3 mins read
Precious Metals Update China’s December gold imports a flash in the pan Chinese imports of gold surged in December, while India’s foreign purchases remained in the doldrums. Looking ahead, we expect high local-currency prices in India coupled with a slowdown in Chinese... 11th February 2020 · 2 mins read
