Metals Data Response China and India Gold Imports (Jan.) January trade data showed that China’s gold imports surged but India’s imports were down on the month. We expect imports from both countries to decline in the months ahead as higher prices deter... 26th February 2019 · 1 min read
Metals Watch Prices to fall, despite low exchange stocks Exchange stocks in most base metals have slumped over the past year. Typically, this is associated with strong demand or weak supply growth, and results in higher metals prices. In this Metals Watch... 19th February 2019 · 1 min read
Precious Metals Update Palladium prices ignore fundamentals The price of palladium has reached another record high today, but we remain of the view that this elevated level is unlikely to last. In fact, it is now clear that supply rose strongly in 2018 which... 15th February 2019 · 1 min read
Metals Chart Pack Widespread rally, but too good to last Prices of base and precious metals, along with iron ore, have risen robustly so far in 2019 but we believe that prices will diverge sooner rather than later. We expect the prices of industrial metals... 5th February 2019 · 1 min read
Precious Metals Update Q4 & 2018 World Gold Council Demand Trends Gold demand from the official sector soared to its highest level since 1967 last year as central banks became increasingly keen to diversify from dollar assets. But, we expect the big story for 2019... 31st January 2019 · 1 min read
Metals Data Response China and India Gold Imports (Dec.) The latest trade data from India and China show that gold imports slumped in December. We expect the decline in imports to continue in India, for January at least, as prices are higher in local... 29th January 2019 · 1 min read
Metals Outlook Industrial metals to fall further, before 2020 rebound Global demand growth is set to slow to its weakest pace since the global financial crisis, causing investor sentiment towards industrial metals to deteriorate. Both of these factors should drag... 28th January 2019 · 1 min read
Global Markets Outlook Turning economic cycle favours bonds over equities We think that the darkening prospects for the global economy favour high-grade bonds over equities this year. Our forecasts are for the Chinese and euro-zone economies to lose more momentum, and for a... 25th January 2019 · 1 min read
Precious Metals Update New gold and silver price forecasts We remain bullish on gold and silver prices and have revised up our end-2019 forecasts to $1,350 per ounce and $17.50 respectively, as we expect both metals to attract investors seeking safe havens. 10th January 2019 · 1 min read
Precious Metals Update One small step … China has announced a (small) increase in its reported official sector gold holdings for the first time in over two years, but regardless of whether this is repeated in the near future, central bank... 8th January 2019 · 1 min read
Metals Chart Pack Gold to remain the star performer We suspect that there will be further falls in industrial metals prices as global economic growth slows and investors continue to flee from riskier assets. That said, economic and financial... 4th January 2019 · 1 min read
Metals Watch Gold on the road to recovery The price of gold has slowly and steadily risen in recent weeks to a 5-month high ahead of last night’s US Federal Reserve meeting. In this Metals Watch, we explain why we believe this rally in the... 20th December 2018 · 1 min read
Commodities Weekly Little festive cheer for commodities The prices of most commodities, including oil, traded in a narrow range this week, at least until Friday when weak economic data out of China prompted a synchronised fall in prices. We suspect that... 14th December 2018 · 1 min read
Precious Metals Update Palladium’s golden days may not return The price of palladium rose above that of gold earlier this week for the first time since 2002, but gold has returned to a premium today and we think this premium will grow as the palladium price... 6th December 2018 · 1 min read
Metals Chart Pack Slowing Chinese growth does not bode well for prices Steel and iron ore prices fell precipitously in November, as the reality of slowing Chinese demand growth finally filtered through into softer prices. We think that global demand will continue to... 5th December 2018 · 1 min read
Precious Metals Update Investors to return to precious metals We think that the prices of precious metals, except palladium, will rise in 2019, in part because we expect an early end to Fed tightening and stronger safe-haven demand in the second half of the year... 28th November 2018 · 1 min read
