Metals Chart Pack Metals still staring into the abyss Industrial metals prices plummeted in March. And with the virus-related disruption outside of China yet to peak, we suspect that prices will fall further over the coming months. Even if containment... 2nd April 2020 · 7 mins read
Commodities Chart Pack No relief for prices yet Oil prices plummeted in March under the weight of a collapse in demand and pledges from OPEC+ members to significantly raise output. Most other commodity prices also fell last month as the COVID-19... 1st April 2020 · 7 mins read
Commodities Weekly Supply cuts unlikely to lift prices yet Commodity prices are still highly volatile, but they have remained in the doldrums this week despite the rally in other risky assets, notably equities. We have argued for some time that until the... 27th March 2020 · 7 mins read
Precious Metals Update Deflationary fears a bad omen for gold Fire sales of gold have seemingly given way to safe-haven buying following yesterday’s unprecedented intervention by the Federal Reserve. Providing the Fed has injected sufficient liquidity to defend... 24th March 2020 · 3 mins read
Commodities Weekly Commodity prices still on thin ice Industrial commodity prices slumped this week amid virus-related economic disruption in the US and Europe and rising concerns about a deeper economic downturn in Asia, particularly China. Meanwhile... 20th March 2020 · 7 mins read
Commodities Weekly Still some way from the bottom Commodity prices tumbled this week, echoing moves in other financial markets. Oil was among the worst performers as Saudi Arabia and Russia announced that they will ramp up output from April, after... 13th March 2020 · 7 mins read
Commodities Weekly Oil prices plunge as Russia refuses to play ball Oil prices closed below $50 per barrel this week for the first time in two years as Russia refused to rollover or deepen OPEC+ output cuts at the latest meeting with OPEC in Vienna. As a result, we... 6th March 2020 · 7 mins read
Metals Chart Pack Don’t rule out further price falls February was another poor month for industrial metals. However, prices fell by less than in January and policy loosening seems to have stabilised prices more recently. That said, the outbreak of COVID... 6th March 2020 · 7 mins read
Commodities Chart Pack Prices still searching for the bottom Commodity prices continued to fall in February as the coronavirus, which started in China, spread to most other regions of the world and sparked fears of a slowdown in global economic activity. We... 4th March 2020 · 8 mins read
Commodities Weekly Virus is prompting a rethink of forecasts The prices of almost all commodities plunged this week amid fears that the coronavirus is morphing into a pandemic, with negative implications for global economic activity and commodities demand... 28th February 2020 · 7 mins read
Commodities Weekly Markets to remain concerned about China’s demand Industrial commodity prices trod water this week as investors struggled to assess the extent of the economic fallout from COVID-19. That said, the lingering sense of uncertainty put wind in the sails... 21st February 2020 · 7 mins read
Precious Metals Update Higher truck loadings no panacea for platinum The price of platinum has risen nearly 5% since the start of February, buoyed by heightened uncertainty prompted by the outbreak of COVID-19. Later this year, and assuming the virus is successfully... 20th February 2020 · 3 mins read
Precious Metals Update Silver to outperform gold in 2020 Heightened global uncertainty related to the outbreak of the coronavirus will support gold and silver’s investment appeal in the near term. Later this year, however, and assuming the disease is... 19th February 2020 · 3 mins read
Commodities Weekly Sense of calm may not last The prices of most industrial commodity prices rose this week on hopes that the coronavirus is near to its peak and that economic activity in Asia will start to pick up soon. The announcement of... 14th February 2020 · 7 mins read
Precious Metals Update China’s December gold imports a flash in the pan Chinese imports of gold surged in December, while India’s foreign purchases remained in the doldrums. Looking ahead, we expect high local-currency prices in India coupled with a slowdown in Chinese... 11th February 2020 · 2 mins read
Commodities Weekly Virus to remain the main driver of prices Having plunged a week earlier, commodity prices stabilised a little towards the end of this week. That said, until we have a clearer steer on the scale and duration of the coronavirus, it is difficult... 7th February 2020 · 7 mins read
