Precious Metals Update New (lower) forecasts for precious metals prices The prices of precious metals have not responded as we had anticipated to the growing risks of a Greek exit (“Grexit”) from the euro. We are therefore revising our end-year forecasts for gold, silver... 6th July 2015 · 1 min read
Commodities Update Greek "no" leads us to revise our forecasts for oil and gold Commodity markets have largely responded in the ways we had anticipated to the growing risks of “Grexit”. Oil prices in particular have fallen, undermined also by the prospects of a deal with Iran and... 6th July 2015 · 1 min read
Metals Chart Pack Prices struggle as investors stay away A lack of safe-haven flows, despite the crisis in Greece, has left the gold pricevulnerable to the prospect of US interest rate hikes later in the year. Silver hasunderperformed, as is usual when... 3rd July 2015 · 1 min read
Commodities Chart Pack Grains aside, commodities remain in the doldrums The prices of US grains and soybeans jumped in June on weather-related supply fears, but most other commodities are still becalmed – at best. Industrial metals continued to struggle, despite... 1st July 2015 · 1 min read
Metals Watch Weakness in PGM prices should prove temporary Expectations of a strong increase in mine supply,coupled with abundant above-ground stocks,have prompted many analysts to revise down theirforecasts for platinum and palladium prices thisyear and... 29th June 2015 · 1 min read
Commodities Weekly Adverse weather boosts agriculturals The prices of many agricultural commodities rose this week as adverse weather, notably in the US but also in Europe, clouded prospects for forthcoming harvests. Meanwhile, the prices of industrial... 26th June 2015 · 1 min read
Metals Data Response China’s gold imports (May) A sharp rise in mainland China’s gold imports from Hong Kong in May could have been driven by fears of a further correction in Chinese equities. While imports from India were up 16% y/y in May, they... 26th June 2015 · 1 min read
Precious Metals Update India’s gold demand to remain strong despite poor monsoon According to the World Gold Council (WGC), rural households in India allocate 7-8% of their annual savings to gold. Good harvests raise income levels and translate into greater gold demand. However... 22nd June 2015 · 1 min read
Commodities Weekly Industrial metals continue to struggle The escalating crisis surrounding Greece’s negotiations with its creditors and its potentially negative implications for the euro-zone economy weighed on investor sentiment this week. Industrial... 19th June 2015 · 1 min read
Commodities Update Why commodity investors shouldn’t fear the Fed The US central bank is edging towards a first interest rate hike, most likely in September. Thereafter, we expect rates to rise faster than the markets (and Fed officials themselves) generally... 18th June 2015 · 1 min read
Precious Metals Update What does China’s rebalancing mean for PGMs? The potential impact on precious metals demand of China’s transition to a consumption-led growth model could be substantial. We believe that palladium and platinum in particular will benefit due to... 17th June 2015 · 1 min read
Industrial Metals Update Investors turn even more negative on PMs Over the past month, precious metal (PM) prices have dropped sharply. Gold has fared better than its peers, as lingering risks in Europe have cushioned the price from further losses. Both the... 16th June 2015 · 1 min read
Commodities Focus An introduction to Rare Earth Elements Rare Earth Elements (REEs) are highly sought-after chemical elements which are essential components of a wide range of products, ranging from smart phones to wind turbines and cancer-treating drugs... 15th June 2015 · 1 min read
Commodities Weekly Positive case for gold remains intact Most commodity prices have moved in narrow ranges in the past week. US natural gas prices continued their see-saw pattern, buffeted by weather and other seasonal factors. But other markets were... 12th June 2015 · 1 min read
Metals Data Response South Africa’s Mine Production (Apr.) South Africa’s platinum group metals (PGM) production fell slightly m/m in April but has returned to pre-strike levels. While this could adversely impact platinum and palladium prices in the short... 11th June 2015 · 1 min read
Metals Data Response World Gold Official Reserves (Apr.) Global central banks continued to buy gold for diversification purposes in April. Buying was mostly concentrated among emerging markets’ central banks, with Russia once again particularly active. 8th June 2015 · 1 min read
