Precious Metals Update Gold bugs hold tight, brighter times ahead Given our view that the dollar will remain strong into 2019 and that growth in jewellery demand will continue to soften, we have recently revised down our end-2018 forecast for the price of gold. That... 15th August 2018 · 1 min read
Precious Metals Update Gold to remain under pressure in 2018 A preference for the US dollar as a safe haven has weighed on gold prices over the past few months. Given our view that the dollar will remain strong into 2019 and that growth in jewellery demand will... 9th August 2018 · 1 min read
Precious Metals Update Q2 & H1 2018 World Gold Council Demand Trends Global gold demand declined to the lowest level since 2009 in the first half of 2018 and we expect it to remain softover the coming months as a strong dollar, coupled with rising US interest rates... 2nd August 2018 · 1 min read
Precious Metals Update What is behind rhodium's outperformance? The price of rhodium has so far been insulated from deteriorating investor sentiment towards platinum group metals (PGMs) more generally. While rhodium is still likely to outperform its sister metals... 27th July 2018 · 1 min read
Precious Metals Update How is gold demand faring in the wake of protectionism? A stronger dollar and lower economic growth in some of the largest consumers should have a negative impact on demand for gold, which could add to the downward pressure on prices. But for now, we still... 16th July 2018 · 1 min read
Precious Metals Update Gold: short-term pain, long-term gain Despite mounting trade tensions, the price of gold has slumped in recent weeks prompting some commentators to question its safe-haven appeal. While we expect gold to remain under pressure in the short... 6th July 2018 · 1 min read
Precious Metals Update Fed tightening to put a cap on gold prices in 2018 Somewhat counterintuitively, the price of gold edged higher following the Federal Reserve’s decision to hike US interest rates for the second time this year. But we don’t think this is the start of a... 14th June 2018 · 1 min read
Precious Metals Update Silver’s outperformance won’t last While a jump in US Treasury yields has weighed on the price of gold over the past month, the price of silver has rallied. However, we doubt that silver will outperform gold for long. 7th June 2018 · 1 min read
Precious Metals Update How sustainable is the recent fall in gold prices? The recent fall has brought the price of gold close to our end-2018 forecast of $1,300. While Fed policy tightening is usually negative for gold prices, higher demand for inflation hedges and a weaker... 17th May 2018 · 1 min read
Precious Metals Update More downside ahead for PGMs Supply of platinum group metals (PGMs) is likely to fall in 2018, as reserve depletion in South Africa takes its toll. Nonetheless, we expect prices to decline from current levels as demand is also... 10th May 2018 · 1 min read
Precious Metals Update Silver mine supply to bounce back in 2018 After two years of declines, we expect silver mine supply to pick up in 2018 as higher industrial metals prices encourage by-product output. This is one reason behind our relatively bearish view on... 8th May 2018 · 1 min read
Precious Metals Update Q1 2018 World Gold Council Demand Trends Global gold demand fell sharply in Q1, primarily owing to lower investment. We expect demand to remain subdued as Fed tightening raises the opportunity cost of holding an asset like gold which bears... 3rd May 2018 · 1 min read
Precious Metals Update PGMs caught up in panic over Russian sanctions The US sanctions against Russia have supported the prices of platinum and palladium this week. However, Russian output is unlikely to be affected. This, coupled with weakening demand fundamentals... 13th April 2018 · 1 min read
Precious Metals Update Time to buy gold? The price of gold has benefited from heightened geopolitical risk in recent weeks. While prices are likely to remain well supported in the short term as global trade worries see investors rotate out... 28th March 2018 · 1 min read
Precious Metals Update Gold shrugs off Fed rate hike Somewhat counterintuitively, the price of gold gained 1.4% following the Fed’s decision to hike US interest rates for the sixth time in this tightening cycle. However, we think that the recent rally... 22nd March 2018 · 1 min read
Precious Metals Update The future of solar is not paved with silver The solar industry has been the fastest growing source of demand for silver in recent years. While we expect photovoltaic capacity to continue to increase at a fast pace over the next decade, we think... 15th March 2018 · 1 min read
