Metals Data Response US silver imports and exports (Nov.) US exports of semi-manufactured silver remained subdued in November, consistent with the weakness of global industrial demand at the time. In contrast, investors continued to buy into falling prices... 5th February 2016 · 1 min read
Metals Chart Pack Gold shines on global woes Precious metals’ performances continued to diverge in January. The prices of gold and silver rallied on the back of safe-haven demand following the recent turmoil in global equity markets. In contrast... 3rd February 2016 · 1 min read
Precious Metals Update Why isn’t gold doing even better? The further gains in the price of gold today (to a high of $1,140 per ounce) are consistent with the relatively positive view we have had on the precious metal for some time. However, we are in no... 3rd February 2016 · 1 min read
Commodities Chart Pack Oil drags commodities lower, but gold shines It was a poor start to the year for commodities with the prices of energy, industrial metals and agricultural commodities all falling owing to persistent concerns about Chinese demand and continued... 1st February 2016 · 1 min read
Commodities Outlook Oil to lead a broad-based recovery Despite the rally in the oil market at the end of January, the big picture over the last few months has of course been one of further sharp falls in the prices of most industrial commodities. What's... 1st February 2016 · 1 min read
Commodities Weekly Further rally in oil price may need stronger foundations This week’s big story has, of course, been the rebound in oil prices (to nearly $35pb) on unconfirmed reports that Russia and OPEC may finally be willing to agree coordinated cuts in output. We are... 29th January 2016 · 1 min read
Precious Metals Update India to remain a major importer of gold, for now While the response to India’s Gold Monetisation Scheme has been fairly muted so far, the Sovereign Gold Bond Scheme has been a success, having attracted the equivalent of almost four tonnes of gold... 29th January 2016 · 1 min read
Precious Metals Update China’s imports suggest platinum back in fashion China’s imports of palladium plunged in 2015 as stocks were drawn down, but a pick-up in car production suggests that demand should recover soon. Meanwhile, imports of platinum were up strongly on the... 26th January 2016 · 1 min read
Metals Data Response China and India’s gold imports (Dec.) Gold imports by China and India shot up in 2015, to the highest level since 2013. We expect demand from emerging markets to remain strong in 2016, helping to underpin our positive view on prices. 26th January 2016 · 1 min read
Commodities Weekly Oil prices jump on Saudi comments and US blizzard After another poor start, the prices of industrial commodities ended the week on the up. The main positives were hints of additional monetary policy support from the ECB and the absence of any more... 22nd January 2016 · 1 min read
Precious Metals Update Platinum price to recover despite emission scandal News that Renault failed emission tests on some vehicles has weighed on the price of platinum over the past few days. However, we think that sentiment towards platinum is excessively negative at the... 22nd January 2016 · 1 min read
Industrial Metals Update Safe-haven demand drives gold price higher The turmoil in global equity markets has weighed on the prices of the more industrial precious metals (PM) over the past month, with platinum and palladium recording the worst losses. In contrast... 20th January 2016 · 1 min read
Commodities Weekly Oil price slide increases chances of a V-shaped rebound After another poor start, the prices of industrial commodities ended the week on the up. The main positives were hints of additional monetary policy support from the ECB and the absence of any more... 15th January 2016 · 1 min read
Metals Watch What are cost curves telling us about precious metals? Cost curves are a widely-used tool to determine the potential direction of commodities production and prices. Given the weakness in the latter over the last few years, cost curves are currently of... 14th January 2016 · 1 min read
Metals Chart Pack PMs shrug off Fed’s first rate hike Precious metals’ performances diverged in December. Gold and silver prices were broadly flat despite the Fed hiking interest rates for the first time since 2006, while platinum and palladium recovered... 13th January 2016 · 1 min read
Commodities Weekly Poor start gives way to some more encouraging signs The prices of key industrial commodities fell further in the first full week of 2016, led by oil, as China worries resurfaced again. The markets also concluded (rightly, in our view) that the... 8th January 2016 · 1 min read
