Commodities Chart Pack

Commodities Chart Pack (July 2024)

China overcapacity fears coming to industrial metals China’s dominant role in the world of commodities is evolving subtly. This is particularly the case for gold, where increased demand by the PBoC...

3rd July 2024 · 1 min read

Commodities Outlook

Commodity prices to fall back

We forecast most commodities prices to fall next year – despite falling interest rates and faster global GDP growth – as numerous supply constraints ease and a crunch in Chinese construction begins to...

27th June 2024 · 21 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (June 2024)

Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. OPEC+’s decision to roll over its production cuts into Q3 will keep supply...

6th June 2024 · 1 min read

Metals Chart Pack

Metals Chart Pack (June 2024)

Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. The rally in industrial metals prices over the last few months has begun to unwind and, because it...

4th June 2024 · 1 min read

Commodities Update

Your latest commodities questions answered

We held an online Drop-In session last week to discuss geopolitical risk and the commodities price outlook. This Update answers several of the questions that we received.

10th May 2024 · 7 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (May 2024)

We think that oil prices have further to fall, as we expect OPEC+ to gradually increase output later this year. Prices have recently fallen as worries that the conflict in the Middle East could affect...

8th May 2024 · 1 min read

Metals Chart Pack

Metals Chart Pack (May 2024)

Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. The strong rally in industrial metals prices seems stretched and, as a result, we expect prices to...

7th May 2024 · 1 min read

Event

Commodities Drop-In: Geopolitical risk and the commodities price outlook

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Geopolitical risk may be ever-present in global commodity markets, but it’s arguably been an even bigger driver over the past year or so.

Commodities Focus

Fed rate cuts won’t send commodity prices soaring

The latest US CPI data may have dashed hopes of interest rate cuts as early as June, but looser monetary policy is still firmly on the cards late this year and over the course of next year. Lower...

16th April 2024 · 12 mins read

Commodities Weekly

Precious metals rise again; gas markets unstable

The stronger-than-expected US CPI data for March may have sent the dollar and Treasury yields higher but commodity prices largely shrugged off the news. Indeed, precious metals rose strongly this week...

12th April 2024 · 6 mins read

Commodities Update

Chinese gold craze likely to unwind later this year

We think the price of gold will ease back from current record highs by end-2024, but falling US Treasury yields and some softness in the US dollar will keep the price elevated. Similarly, we expect...

12th April 2024 · 4 mins read

Capital Daily

Chinese gold craze likely to unwind later this year

We think the price of gold will have eased back from current record highs by end-2024, but falling US Treasury yields and some softness in the US dollar will keep the price elevated.

9th April 2024 · 4 mins read

Commodities Outlook

Energy prices to cool, but metals to hold firm for now

We expect most commodity prices to fall over the next couple of years as greater supply enters the market. Industrial metals are the exception, China’s policymakers have stepped up stimulus in recent...

4th April 2024 · 33 mins read

Commodities Weekly

The copper supply squeeze begins to bite

It was generally a strong week for commodity prices despite the US dollar nudging higher. Oil prices rose by ~3% after the IEA revised its forecasts towards a tighter oil market and following the...

15th March 2024 · 4 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (Mar. 2024)

We expect oil prices to edge lower in the second half of 2024 as OPEC+ starts to unwind its production cuts. However, the Israel-Hamas war, and associated risks to supply, will act as a floor under...

12th March 2024 · 1 min read