Commodities Weekly Commodities swing wildly on Trump victory Although the prices of industrial commodities initially plunged and gold rose on the news of Donald Trump’s victory in the US election, sentiment reversed very quickly as the President-elect Trump... 11th November 2016 · 1 min read
OPEC Watch Nigeria and Libya push OPEC’s output higher Another rise in OPEC’s oil output in October underlines how difficult it will be for the group to agree on meaningful cuts at the end of the month, especially as US oil production is also rising. In... 11th November 2016 · 1 min read
Precious Metals Update Four reasons a Trump presidency is still bullish for gold prices Markets appear to believe that a Trump victory will lead to major infrastructure spending and much more aggressive Fed tightening. As a result, gold prices have fallen. While some fiscal stimulus is... 11th November 2016 · 1 min read
Commodities Update Trump rally may be a triumph of hope over reality Commodity markets seem to believe US President-elect Trump will quickly deliver the one thing that he probably can’t – a surge in infrastructure spending – and are ignoring all the bad stuff that... 11th November 2016 · 1 min read
Energy Update What could President Trump mean for energy commodities? Commodity markets shrugged off the surprise victory for Donald Trump in the US Presidential election with the initial falls in oil prices already being reversed, helped by (probably misplaced)... 11th November 2016 · 1 min read
Metals Data Response South Africa’s Mine Production (Sep.) South Africa’s total mine production rebounded in September, led by a sharp increase in PGM output on the back of higher prices. With inventories still abundant and the risk of labour disruptions... 10th November 2016 · 1 min read
Industrial Metals Update A note of caution on the rally in copper prices Yesterday, the US dollar price of copper shrugged off the uncertainty created by the surprise victory for Donald Trump in the US Presidential election and rose by another 3%. But while the... 10th November 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A dramatic increase in US oil production last week helped boost stocks. However, the return of refineries from maintenance absorbed some of the extra supply. 9th November 2016 · 1 min read
Commodities Update Trump win to boost gold prices further The surprise victory for Donald Trump in the US Presidential election is likely to lead to greater safe-haven demand over the next few months, with gold a clear winner. While heightened risk aversion... 9th November 2016 · 1 min read
Commodities Watch Cocoa prices to struggle on improved supply The recent slump in the US dollar price of cocoa reflects the widespread view that output is going to bounce back in 2016/17. In this Commodities Watch, we analyse the outlook for demand and supply of... 8th November 2016 · 1 min read
Precious Metals Update Q3 2016 World Gold Council Demand Trends In its Q3 Global Demand Trends report, published today, the World Gold Council (WGC) described a pretty gloomy picture for gold demand. Investment was the only exception, as the economic and political... 8th November 2016 · 1 min read
Energy Update Coal prices are at the mercy of Chinese policymakers We think that the recent surge in coal prices is unsustainable and expect them to fall back as production rebounds, both inside and outside China, and demand remains weak. However, the extent of any... 8th November 2016 · 1 min read
Commodities Update China’s commodity imports dip in October China’s commodity import volumes declined last month, despite signs of a pick-up in activity data. We think this reflected disruptions caused by the week-long holiday, higher commodity prices and some... 8th November 2016 · 1 min read
Commodities Weekly US election taking centre-stage Energy and agricultural prices took a tumble this week, but for the most part industrial and precious metals performed well. Although the dollar fell, the depreciation was driven by uncertainty over... 4th November 2016 · 1 min read
Energy Chart Pack Oil slips but coal continues to burn brightly Investors’ initial enthusiasm and subsequent scepticism about OPEC’s agreement in principle to cut production sent oil prices on a rollercoaster last month. Elsewhere, positive economic data from... 4th November 2016 · 1 min read
Precious Metals Update Central banks continue to add gold to their reserves The latest data show that central banks increased their gold reserves in September. However, year-to-date purchases remain substantially lower than in 2015 as temporary factors, like Venezuela selling... 3rd November 2016 · 1 min read
