Commodities Update Gold jewellery to lose its lustre under high prices Gold jewellery demand has been highly sensitive to price changes in the past and so will come under pressure from the current backdrop of record high gold prices. Income growth in key markets will... 17th July 2024 · 3 mins read
Commodities Weekly Traditional gold price drivers come back into focus The ~18% rise in gold prices seen this year has largely defied the traditional logic of demand drivers. Indeed, the surge in gold prices between February and April took place against a backdrop of a... 12th July 2024 · 4 mins read
Capital Daily Could the economy burst this bubble? Another fairly encouraging US CPI report seems unlikely to blow the buoyant S&P 500 far off course given the implications for Fed policy. Indeed, it strengthens the case for a rate cut in September. 11th July 2024 · 5 mins read
Middle East & North Africa Economics Update Saudi non-oil activity cooling Saudi Arabia’s GDP growth is likely to pick up, and markedly so in 2025. But that will be driven by rising oil output. We think that activity in the non-oil economy will slow. Indeed, there are signs... 11th July 2024 · 4 mins read
Commodities Update China’s metals overcapacity to bear down on prices While the debate around China’s manufacturing overcapacity has centred around politically sensitive topics such as electric vehicles, its industrial metals sector is no exception. Whereas the focus of... 11th July 2024 · 4 mins read
Climate Economics Update Injecting some nuance into high hopes for hydrogen Hydrogen could play a key role in reducing emissions in hard-to-abate sectors such as steelmaking and be a boon for countries and regions that are well placed to produce a surplus of renewable power... 10th July 2024 · 4 mins read
Commodities Weekly Taking stock of hurricane season energy risks While the fossil fuel sector looks set to get off relatively lightly from Hurricane Beryl, the prospect of a busier than usual Atlantic hurricane season this year raises the chances of greater... 5th July 2024 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (July 2024) China overcapacity fears coming to industrial metals China’s dominant role in the world of commodities is evolving subtly. This is particularly the case for gold, where increased demand by the PBoC... 3rd July 2024 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia and the possible implications of MbS as king Saudi Arabia’s Crown Prince Mohammed bin Salman’s (MbS) ultimate succession to become king is inevitable and a formality. Having been the de-facto leader of the Kingdom for several years it may not... 1st July 2024 · 6 mins read
Commodities Weekly Economics, not the White House, the key to US energy The Dallas Fed survey of oil and gas firms released this week revealed deep dissatisfaction with the Biden administration. Donald Trump has made it clear he would provide greater support for the... 28th June 2024 · 4 mins read
Middle East & North Africa Economics Weekly Egypt blackouts, Morocco rate cut, Iran election Gas shortages in Egypt have led to blackouts and hotter summers are likely to raise demand for energy in the future. Absent further large gas finds, Egypt’s time as a natural gas net exporter is... 27th June 2024 · 6 mins read
Africa Economic Outlook Tight fiscal policy to constrain the recovery Growth in Sub-Saharan Africa is set to accelerate over the next couple of years, helped by a more favourable external environment as well as falling inflation and interest rates. But tight fiscal... 27th June 2024 · 19 mins read
Global Economic Outlook Recovery signs clouded by political uncertainty The global economy seems to be heading into recovery mode as the adverse effects of the previous surge in inflation subside. Real incomes are recovering in most advanced economies and China is feeling... 27th June 2024 · 46 mins read
Commodities Outlook Commodity prices to fall back We forecast most commodities prices to fall next year – despite falling interest rates and faster global GDP growth – as numerous supply constraints ease and a crunch in Chinese construction begins to... 27th June 2024 · 21 mins read
Event Drop-In: Commodities Outlook – Where next for energy, gold and industrial metals prices? 1719909000 Will China’s economy continue supporting metals demand? What would Donald Trump’s re-election mean for energy markets?
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (June 2024) Growth in the Gulf economies is likely to pick up in the coming quarters, particularly as oil output starts to rise from October. We think non-oil sectors will continue to grow strongly. But the... 25th June 2024 · 1 min read
