Metals Watch Is the best yet to come for silver prices? After a weak 2015, the prices of gold and silver have rallied since the beginning of the year, underpinned by safe-haven demand and rising inflation expectations in the US. Yet, silver has failed to... 24th March 2016 · 1 min read
Commodities Update Key commodity prices set for further gains Followers of our relatively upbeat research since January may not be surprised to hear that we expect many commodity prices to rally further. (See our quarterly Commodities Analyst, “Oil to lead a... 23rd March 2016 · 1 min read
Precious Metals Update China’s PGM imports soar in February China’s imports of palladium and platinum continued to rise strongly in February. We expect imports to remain buoyant over the coming months as car output trends higher and demand for platinum... 21st March 2016 · 1 min read
Commodities Weekly Fed’s apparent “dovishness” cheers the markets Commodities have benefited in the past week from a continued improvement in investor sentiment, helped by a relatively dovish statement from the US central bank which weakened the dollar further... 18th March 2016 · 1 min read
Metals Chart Pack Gold continues to shine on rising inflationary pressures Precious metals prices rallied over the past month, bolstered by a weaker US dollar and a lessening of fears over a slowdown in China. While gold benefited from the Fed’s dovishness in its latest... 18th March 2016 · 1 min read
Precious Metals Update Much more to gold’s rally than changes in monetary policy The price of gold has been boosted further today by the apparent dovishness of the Fed. Indeed, the consensus view seems to be that the prospects for the precious metal can be distilled down to... 17th March 2016 · 1 min read
Industrial Metals Update Sentiment towards precious metals improves Precious metals prices continued their upward trend over the last month, bolstered by a weaker US dollar and a scaling back of fears over a hard landing in China. While gold benefited from further... 16th March 2016 · 1 min read
Commodities Update Investors become more sanguine on China Over the last few weeks, investors have appeared to come round to our long-held view that fears of a hard landing in China were overdone. Energy and metals prices, in particular, benefited from the... 16th March 2016 · 1 min read
Metals Data Response US silver imports and exports (Dec.) US imports of semi-manufactured silver are showing signs of improvement, suggesting that industrial demand could be on the mend. Meanwhile, US production of silver continued to fall, supporting our... 15th March 2016 · 1 min read
Precious Metals Update Palladium price to strengthen, despite high stocks Concerns about China’s demand have been weighing on the price of palladium in recent months. As such, we think the price will recover as investor fears of a hard landing in China are assuaged. However... 11th March 2016 · 1 min read
Precious Metals Update Is ECB easing good or bad for gold? The fall and subsequent rebound in the dollar price of gold after today’s announcement of additional monetary stimulus from the European Central Bank (ECB) should help to settle the debate over what... 10th March 2016 · 1 min read
Commodities Weekly Goldilocks eats the bears... Some “just right” US economic data, with activity and inflation neither too hot nor too cold, has boosted the prices of equities and commodities this week. What’s more, the gold price has resumed its... 4th March 2016 · 1 min read
Precious Metals Update New (higher) forecasts for gold and silver We already had a relatively positive view on the outlook for precious metals. However, two new developments have encouraged us to revise up our medium-term projections for the price of gold and, as a... 4th March 2016 · 1 min read
Precious Metals Update Silver’s underperformance set to reverse soon The recent poor performance of silver is surprising given the resilience of the gold price and the recovery in industrial metals generally. One explanation is that reduced safe-haven demand has... 3rd March 2016 · 1 min read
Precious Metals Update Gold starting to benefit from demand for inflation hedges The ongoing tussle between gold bulls and bears often boils down to a view on the outlook for US interest rates. If the Fed resumes its tightening soon as global risks fade, supporting the dollar, the... 2nd March 2016 · 1 min read
Africa Economics Update Will South Africa suffer Brazil’s fate? The main reason why South Africa has not followed Brazil into a deep recession is that the shock to its terms of trade has been less extreme. Our core view is that South Africa faces an extended... 29th February 2016 · 1 min read
