Precious Metals Update

Gold prices will climb higher over the next few years

We think that the gold price will rise in each of the next couple of years, driven by the Fed cutting rates a little quicker than is priced into markets, falling US Treasury yields and a softening US...

1st March 2024 · 2 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (Feb. 2024)

Oil prices are likely to remain buffeted by supply fears as long as the conflict in the Middle East continues. However, we think there will be support on the demand side later in the year as monetary...

6th February 2024 · 1 min read

Metals Chart Pack

Metals Chart Pack (Feb. 2024)

Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Industrial metals demand will recover this year, boosted by rate cuts and stabilising economic...

2nd February 2024 · 1 min read

Industrial Metals Update

Real metals prices are high and have further to rise

Compared to their pre-pandemic averages, metals prices are high even after adjusting for inflation. We think that as green transition-related demand increases and monetary easing gets underway, real...

25th January 2024 · 4 mins read

Commodities

Commodities Overview Chart Pack (Jan. 2024)

Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. We think the big declines in energy prices are now behind us. Oil prices will remain...

5th January 2024 · 0 mins read

Metals Chart Pack

Metals Chart Pack (Jan. 2024)

Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Interest rate cuts across advanced economies this year will give some boost to economic activity...

3rd January 2024 · 1 min read

Commodities Outlook

Metals to benefit in 2024 from green transition

We expect most commodity prices to rise in 2024 as major central banks loosen monetary policy and economic activity starts to pick up. Meanwhile, China’s policymakers have taken steps to support the...

15th December 2023 · 31 mins read

Commodities Weekly

Another sour week for oil, precious metals to shine

Gold and silver prices soared this week on renewed optimism that the Fed had hiked to the peak of its monetary policy mountain. We expect prices to rise further when interest rates begin to be cut...

17th November 2023 · 5 mins read

Precious Metals Update

Gold, geopolitics and the Fed

We have raised our gold price forecast to reflect the current heightened geopolitical risk. We think the price will rise further next year as the limited fallout from the Israel-Hamas conflict won’t...

9th November 2023 · 3 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (Nov. 2023)

Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. Energy and precious metal prices will remain volatile while there is a risk that the...

3rd November 2023 · 1 min read

Commodities Weekly

Few commodities spared from this week's sell-off

It has been a week of declines for most commodity prices, as commodities were caught up in the more widespread selling of financial assets. Crude oil prices were among the hardest hit, whereas...

6th October 2023 · 4 mins read

Commodities Outlook

Looser monetary policy to support prices in 2024

We expect most commodity prices to struggle over the rest of this year as developed economies flirt with recession, the US dollar remains strong and investor risk appetite moderates. That said, we...

26th September 2023 · 28 mins read

Commodities Weekly

Commodity prices fire up across the board

The mood was upbeat in commodity markets this week, with prices rising across all sectors. Oil stood out, with the price in the US cracking $90 per barrel for the first time this year. Higher oil...

15th September 2023 · 5 mins read

Precious Metals Update

Gold price has further to fall by year-end

Based on our view that US economic growth will prove resilient, despite the rise in interest rates, and that US inflation will ease, we expect the gold price to fall to $1,800 per ounce by year-end.

15th September 2023 · 2 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (Sep. 2023)

Prices will remain buffeted by weak global economic growth and a strong dollar, at a time of mounting supply risks and some policy stimulus in China. These conflicting pressures suggest that prices...

8th September 2023 · 1 min read