Metals Watch Safe-haven demand gives a boost to gold prices Despite the prospect of tighter monetary policy in the US, the price of gold has proved particularly resilient so far this year. We think that strong safe-haven demand on the back of heightened... 30th April 2018 · 1 min read
Commodities Weekly Quiet after the storm The earlier surge in oil and industrial metals prices came to an abrupt halt this week as oil stabilised and there were sharp falls in the prices of some metals. In particular, the US Treasury’s... 27th April 2018 · 1 min read
Metals Data Response China and India Gold Imports (Mar.) The latest trade data for India and China showed that imports of gold in the two largest consumers weakened in March. Higher prices probably discouraged purchases. We had warned that this could happen... 26th April 2018 · 1 min read
Commodities Weekly Rising tensions boost prices Geopolitical concerns continued to be the main driver of commodities prices this week. In particular, fears that US sanctions could be broadened to include Russian producer, Nornickel, buoyed the... 20th April 2018 · 1 min read
Commodities Outlook Too soon to worry about supply Commodity prices have generally had a strong start to the year, boosted in particular by risks to supply. However, in many cases, supply has not been disrupted yet and the worst fears of supply... 20th April 2018 · 1 min read
Precious Metals Update PGMs caught up in panic over Russian sanctions The US sanctions against Russia have supported the prices of platinum and palladium this week. However, Russian output is unlikely to be affected. This, coupled with weakening demand fundamentals... 13th April 2018 · 1 min read
Commodities Update Geopolitical tensions boost prices Commodity prices rebounded at the start of April on the back of concerns over US sanctions on Russia and escalating tensions in the Middle East, despite the dollar being flat. Indeed, only the... 11th April 2018 · 1 min read
Metals Watch How could rising protectionism affect metals markets? Trade protectionism has escalated dramatically since the start of the year and threatens to turn into a full-blown trade war. In this Metals Watch, we look at the most recent developments on trade and... 10th April 2018 · 1 min read
Commodities Weekly Protectionist rhetoric weighs on prices Trade tensions escalated this week, as the US and China engaged in tit-for-tat announcements on proposed tariffs. The prices of commodities which would be affected by the tariffs generally fell... 6th April 2018 · 1 min read
Metals Chart Pack Rising protectionism drives prices lower Fears of a trade war between China and the US and heightened geopolitical tensions weighed on most metals prices last month as investors rotated out of risky assets and into safe havens. In contrast... 4th April 2018 · 1 min read
Commodities Chart Pack Oil rises, despite trade woes Commodity prices drifted down in March, despite a relatively stable US dollar. However, given the slump in developed market equities, commodity prices held up relatively well. This was largely due to... 3rd April 2018 · 1 min read
Commodities Watch Taking stock of the first quarter In this Commodities Watch, we review developments in the first quarter of this year and draw conclusions about what they mean for our price forecasts. 29th March 2018 · 1 min read
Precious Metals Update Time to buy gold? The price of gold has benefited from heightened geopolitical risk in recent weeks. While prices are likely to remain well supported in the short term as global trade worries see investors rotate out... 28th March 2018 · 1 min read
Metals Data Response China and India Gold Imports (Feb.) The latest trade data for India and China showed divergent trends in the two largest consumers. On the one hand, China’s gold imports remained robust although underlying demand appears to have... 27th March 2018 · 1 min read
Commodities Weekly Trump’s tariffs unsettle investors The US was the focus of markets this week. The Fed hiked its target rate by 25bp on Wednesday to 1.50%-1.75% but this had been widely anticipated and there was little reaction in commodity markets. In... 23rd March 2018 · 1 min read
Commodities Weekly All quiet on the commodities front There were few large moves in commodity prices this week. China’s activity data for the first two months of the year, published on Wednesday, were reasonably strong but failed to give a material lift... 16th March 2018 · 1 min read
