Metals Data Response China and India Gold Imports (Aug.) The latest trade data for India and China show gold imports by the two largest consumers rising on lower prices, but this is unlikely to last as local prices have rallied, which has already started to... 27th September 2018 · 1 min read
Commodities Weekly Commodities join in “relief” rally The prices of most commodities rose this week as part of a more general rebound in financial markets. Although both the US and China announced another round of tariffs, there was some relief that the... 21st September 2018 · 1 min read
Precious Metals Update Gold/silver price ratio to fall from 23-year high We think the prices of both gold and silver will rise in 2019 but silver looks set to outperform. It will benefit from its higher beta, a recovery in investor interest and a sharp slowdown in mine... 17th September 2018 · 1 min read
Metals Watch Are industrial metals oversold? We had always expected metals prices to decline this year on the back of a slowdown in China’s economy. However, even we have been surprised by the scale of the falls in prices, which we think have... 12th September 2018 · 1 min read
Metals Chart Pack Investors turn even more bearish on metals For the most part, metals prices declined in August in the wake of escalating trade tensions and signs that economic growth in China is losing momentum. Negative investor sentiment exacerbated the... 4th September 2018 · 1 min read
Commodities Chart Pack Oil bucks the negative trend Most commodity prices fell in August on the back of ongoing global trade tensions and worries over an economic slowdown in China. 3rd September 2018 · 1 min read
Commodities Weekly Supply concerns boost oil prices It was another good week for the price of oil as concerns about lower Iranian output as a result of US sanctions continued to lift prices. In contrast, a ratcheting up of the US rhetoric on... 31st August 2018 · 1 min read
Precious Metals Update Weak consumer demand to drag on gold prices The latest trade data for India and China show divergent trends in imports of gold by the two largest consumers. China’s gold imports dropped on signs that the economy is slowing, while India’s... 28th August 2018 · 1 min read
Commodities Weekly No reprieve in sight There was no respite for commodities prices this week. Industrial commodities took their cues from the downbeat China activity data which fuelled concerns about demand. At the same time, a stronger... 17th August 2018 · 1 min read
Commodities Update Dollar is still a key driver of commodity prices After breaking down in April and May, the relationship between the dollar and commodity prices seems to have re-established itself. Given our view that the dollar will remain strong into 2019... 16th August 2018 · 1 min read
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
Metals Chart Pack Sentiment towards metals sours Metals prices continued to decline in July on the back of rising trade tensions, concerns about a possible downturn in demand and a deterioration in investor sentiment. We expect prices to remain weak... 7th August 2018 · 1 min read
Commodities Weekly No relief for prices Most industrial and energy commodity prices fell again this week as mounting protectionism and China’s subdued PMI data for July raised concerns about the outlook for commodities demand. That said... 3rd August 2018 · 1 min read
Metals Outlook More weakness ahead for metals The prices of most metals have plummeted over the past few months, in large part reflecting the appreciation of the US dollar. But negative investor sentiment exacerbated the moves down in prices... 3rd 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
