Precious Metals Update End of bull market in Chinese equities would help gold The lure of a soaring stock market has surely dampened Chinese investors’ demand for gold. Correspondingly, even though we are not predicting an imminent crash, the precious metal should benefit when... 29th May 2015 · 1 min read
Precious Metals Update Platinum and palladium markets to remain tight We believe that platinum and palladium markets will be significantly tighter than the consensus currently anticipates in 2015. This should lead to further price rises in the second half of the year. 21st May 2015 · 1 min read
Precious Metals Update Platinum price to benefit from approaching “strike season” There is a renewed risk of strike action at South Africa’s platinum mines as companies are forced to restructure, leading to job cuts. We believe that the platinum market is already quite tight after... 13th May 2015 · 1 min read
Precious Metals Update How strong is the $1,200 floor for gold? The gold price has closed below $1,200 per ounce, having been above that level the day before, on 15 occasions since January 2011. However, it has never remained below $1,200 for longer than 15 days... 6th May 2015 · 1 min read
Precious Metals Update Light at the end of the tunnel for platinum prices The latest data show a surge in China’s platinum imports in March, suggesting that historically low prices are finally stimulating buying interest. We think higher Chinese import volumes can be... 23rd April 2015 · 1 min read
Precious Metals Update Why isn’t gold doing better despite “Grexit” risks? The price of gold has dipped below $1,200 per ounce again today, prompting some to ask whether a further escalation of the crisis in Greece would provide much support to the precious metal after all... 20th April 2015 · 1 min read
Precious Metals Update Dollar strength alone is a poor reason to dismiss gold A common response to our positive view on gold is that the precious metal is bound to struggle in an environment of dollar strength, especially if this strength is due to increases in US interest... 15th April 2015 · 1 min read
Precious Metals Update Silver outshining gold Silver has out-performed gold this year during periods when the prices of both have been rising, as usual, but it has also held on to more of its gains when both have struggled. This supports our... 27th March 2015 · 1 min read
Precious Metals Update Gold prices to rebound despite higher US interest rates The conventional view is that the price of gold will inevitably suffer large and sustained falls when the Fed begins to return US interest rates towards more normal levels. But while we would expect... 18th March 2015 · 1 min read
Precious Metals Update Quantifying the downside – and upside – for gold With other analysts reportedly revising down their forecasts and the media coverage almost entirely downbeat, we thought it worth dusting off some of our favourite gold charts. These suggest that the... 13th March 2015 · 1 min read
Precious Metals Update Quantifying the downside – and upside – for gold With other analysts reportedly revising down their forecasts and the media coverage almost entirely downbeat, we thought it worth dusting off some of our favourite gold charts. These suggest that the... 13th March 2015 · 1 min read
Precious Metals Update Will platinum prices recover? Concerns about demand coupled with the return of South African production are weighing on platinum prices. However, we think that demand will pick up, particularly in China, and that platinum prices... 3rd March 2015 · 1 min read
Precious Metals Update Indian budget likely to be a small positive for gold The Indian government’s budget, to be unveiled this weekend, is widely expected to include a cut in the import duty on gold. This should provide a further boost to the local market following... 27th February 2015 · 1 min read
Precious Metals Update How sensitive are gold prices to the Chinese New Year? The demand for gold often follows a seasonal pattern due to the timing of festivals associated with gift-giving, such as the Chinese New Year. But the calendar appears to have little impact on the... 19th February 2015 · 1 min read
Precious Metals Update Why is gold sliding again? Today’s 2% fall means that gold has now given up most of its price gains from earlier this year. This is perhaps surprising given the ongoing uncertainty over Greece and the conflict in Ukraine, but... 17th February 2015 · 1 min read
Precious Metals Update Strong demand to lift palladium prices Expectations of strong growth in US and Chinese auto output and sales in 2015 underpin our forecast of a recovery in palladium prices. At the same time, supply remains constrained. 13th February 2015 · 1 min read
