Event Commodities Drop-In: Geopolitical risk and the commodities price outlook 2nd May 2024, 3:00PM BST Geopolitical risk may be ever-present in global commodity markets, but it’s arguably been an even bigger driver over the past year or so. With little sign of an end to conflict in Ukraine and the...
Commodities Focus Fed rate cuts won’t send commodity prices soaring The latest US CPI data may have dashed hopes of interest rate cuts as early as June, but looser monetary policy is still firmly on the cards late this year and over the course of next year. Lower... 16th April 2024 · 12 mins read
Commodities Weekly Precious metals rise again; gas markets unstable The stronger-than-expected US CPI data for March may have sent the dollar and Treasury yields higher but commodity prices largely shrugged off the news. Indeed, precious metals rose strongly this week... 12th April 2024 · 6 mins read
Commodities Update Chinese gold craze likely to unwind later this year We think the price of gold will ease back from current record highs by end-2024, but falling US Treasury yields and some softness in the US dollar will keep the price elevated. Similarly, we expect... 12th April 2024 · 4 mins read
Capital Daily Chinese gold craze likely to unwind later this year We think the price of gold will have eased back from current record highs by end-2024, but falling US Treasury yields and some softness in the US dollar will keep the price elevated. 9th April 2024 · 4 mins read
Commodities Outlook Energy prices to cool, but metals to hold firm for now We expect most commodity prices to fall over the next couple of years as greater supply enters the market. Industrial metals are the exception, China’s policymakers have stepped up stimulus in recent... 4th April 2024 · 33 mins read
Commodities Weekly The copper supply squeeze begins to bite It was generally a strong week for commodity prices despite the US dollar nudging higher. Oil prices rose by ~3% after the IEA revised its forecasts towards a tighter oil market and following the... 15th March 2024 · 4 mins read
Commodities Overview Chart Pack Commodities Overview Chart Pack (Mar. 2024) We expect oil prices to edge lower in the second half of 2024 as OPEC+ starts to unwind its production cuts. However, the Israel-Hamas war, and associated risks to supply, will act as a floor under... 12th March 2024 · 1 min read
Metals Chart Pack Metals Chart Pack (Mar. 2024) Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Industrial metals demand will recover this year, boosted by rate cuts and a bit of a recovery in... 8th March 2024 · 1 min read
Precious Metals Update Gold prices will climb higher over the next few years We think that the gold price will rise in each of the next couple of years, driven by the Fed cutting rates a little quicker than is priced into markets, falling US Treasury yields and a softening US... 1st March 2024 · 2 mins read
Commodities Overview Chart Pack Commodities Overview Chart Pack (Feb. 2024) Oil prices are likely to remain buffeted by supply fears as long as the conflict in the Middle East continues. However, we think there will be support on the demand side later in the year as monetary... 6th February 2024 · 1 min read
Metals Chart Pack Metals Chart Pack (Feb. 2024) Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Industrial metals demand will recover this year, boosted by rate cuts and stabilising economic... 2nd February 2024 · 1 min read
Industrial Metals Update Real metals prices are high and have further to rise Compared to their pre-pandemic averages, metals prices are high even after adjusting for inflation. We think that as green transition-related demand increases and monetary easing gets underway, real... 25th January 2024 · 4 mins read
Commodities Overview Commodities Overview Chart Pack (Jan. 2024) Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. We think the big declines in energy prices are now behind us. Oil prices will remain... 5th January 2024 · 0 mins read
Metals Chart Pack Metals Chart Pack (Jan. 2024) Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Interest rate cuts across advanced economies this year will give some boost to economic activity... 3rd January 2024 · 1 min read
Commodities Outlook Metals to benefit in 2024 from green transition We expect most commodity prices to rise in 2024 as major central banks loosen monetary policy and economic activity starts to pick up. Meanwhile, China’s policymakers have taken steps to support the... 15th December 2023 · 31 mins read