Industrial Metals Update Low exchange stocks not a problem, for now … As demand fears have taken centre stage, persistently low exchange stocks have stayed under the radar. We think this is unlikely to change this year. But in 2020, looser monetary conditions and rising... 11th July 2019 · 4 mins read
Commodities Weekly Commodities down in the dumps Despite a swathe of news that should have been positive, commodity prices struggled to make gains this week as concerns about global growth continue to weigh on sentiment. Even the strong US... 5th July 2019 · 7 mins read
Precious Metals Update Why gold prices have risen too far, too fast In the last month, a slew of events sparked gold’s strongest rally in nearly three years. We have not changed our long-held view that lacklustre global growth and a tumble in equity markets will keep... 5th July 2019 · 3 mins read
Metals Chart Pack Clouds gathering over metals demand The key themes last month were a marked decline in expectations for global growth and a dash for safe-haven assets by investors. Even the recent easing of tensions in the US-China trade dispute has... 4th July 2019 · 7 mins read
Commodities Chart Pack ‘Glass half empty’ sentiment to prevail While June was a relatively positive month for commodity prices, we think that a combination of slower global growth and waning risk appetite will lead to lower prices for energy and industrial metals... 3rd July 2019 · 7 mins read
Commodities Update Trade truce optimism to prove short-lived In theory, last weekend’s trade truce between the US and China is a positive for commodity prices. But the muted market reaction suggests some scepticism. We tend to agree. In fact, we suspect that... 1st July 2019 · 2 mins read
Commodities Weekly Outcome of G20 and OPEC meetings to drive prices Commodity markets have been relatively quiet ahead of the G20 meeting (this weekend) and OPEC meetings (Monday and Tuesday). Investors are optimistic that a truce on trade will be agreed when... 28th June 2019 · 6 mins read
Precious Metals Update China and India Gold Imports (May) Gold imports in India and China diverged in May, as temporary factors propped up consumer buying in the former, while demand in the latter remained sluggish. But we expect import demand for gold in... 25th June 2019 · 2 mins read
