Commodities Weekly Trump’s social media outburst won’t worry the EU President-elect Trump’s social media outburst warning the EU to buy more US oil and gas won’t cause sleepless nights in Brussels. After all, whereas EU officials might have balked had they been... 20th December 2024 · 4 mins read
India Economics Weekly India Weekly: Consensus expectations for 2025 are over-optimistic Consensus expectations for India’s economy suggest that it will grow at a similar pace in 2025 as it has in 2024. Certainly, data this week suggest that the economy is carrying good momentum into the... 20th December 2024 · 3 mins read
Commodities Update China’s appetite for gold will support prices in 2025 Given the deterioration in the outlook for Chinese equities and the prospect of a markedly weaker renminbi, China’s demand for gold in 2025 will be stronger than we had previously expected. In turn... 17th December 2024 · 3 mins read
Commodities Outlook Weak market fundamentals; geopolitics the wildcard Most energy and industrial metals prices will fall in 2025 as structural headwinds to demand build and supply rises. Geopolitical developments remain a key uncertainty and it is easy to think of... 13th December 2024 · 23 mins read
Commodities Update Is the gold rally over? Despite the recent upward revisions to our forecasts for the US dollar and Treasury yields, we think the gold price will rise to $2,750 by end-2025. This reflects our view that stronger gold demand... 2nd December 2024 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (Nov. 2024) OPEC+ and China, not Trump, will drive prices in 2025 Trump’s election victory won’t have a big impact on commodity markets in the short term. US oil and gas production is near record highs and prices... 7th November 2024 · 1 min read
Commodities Weekly Trump trade comes for gold; palladium surges Having behaved “normally” over the summer, gold prices have slipped back into anti-traditional-driver mode in recent weeks, seemingly caught up in a wider “Trump trade”. One can – and plenty surely... 25th October 2024 · 4 mins read
Commodities Outlook Soft demand + extra supply ⇒ lower prices We expect most commodity prices to fall next year and our forecasts are generally below consensus. The biggest upside risk to our energy price forecasts stems from the potential for an escalation in... 24th September 2024 · 24 mins read
Commodities Weekly Silver to stay in gold’s shadow, China trade takeaways For all the attention on gold this year, silver has been the better performer with prices increasing by over 25% year-to-date. While silver has benefitted from the expansion in China's solar industry... 13th September 2024 · 4 mins read
Commodities Update Is gold priced for perfection? With a long and varied list of supportive drivers to choose from, we have raised our end-2025 gold price forecast to $2,750 per oz. But even though we now forecast gold prices to end next year about... 10th September 2024 · 3 mins read
Commodities Weekly Normal gold service resumes; OPEC+’s conundrum While the stonking rally in gold prices earlier this year was at odds with traditional market drivers, the latest leg up in gold prices – which saw the nominal price reach yet another fresh record... 30th August 2024 · 4 mins read
Commodities Focus China’s gold rush has much further to run Against the backdrop of central bank buying, strong physical gold demand, and a surge in ETF holdings, China appears to have been a key driver of the rally in gold prices earlier this year. Looking... 29th August 2024 · 16 mins read
Commodities Weekly Lack of ceasefire deal poses risks; gold at record The apparent stall in the ceasefire talks between Israel and Hamas limited the fall in oil prices this week. While we think a deal wouldn’t be a game-changer for oil prices, a further breakdown in... 23rd August 2024 · 4 mins read
Commodities Weekly EU natural gas prices chart their own course It was no surprise to see the global commodity price index fall and rise alongside the contortions in equity markets this week. But commodity prices have not all been in the same boat; whereas some... 9th August 2024 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (Aug. 2024) Commodities have not been immune to the recent turmoil in financial markets, with the prices of most industrial metals, agricultural, and energy commodities extending their downward trends over the... 7th August 2024 · 1 min read
