Commodities Weekly Focus on the Fed statement and Trump’s reaction The prices of most industrial metals surged this week, largely due to increased investor interest. Strong China’s imports in November and the prospect of fiscal stimulus in the US further buoyed... 9th December 2016 · 1 min read
Precious Metals Update Limited upside for platinum prices in 2017 Platinum has substantially underperformed its sister metals – palladium and rhodium – this year as its higher correlation with gold has seen its price fall sharply since the US presidential election... 9th December 2016 · 1 min read
Metals Chart Pack Investor enthusiasm buoying the prices of industrials Investors have been encouraged by stronger economic data out of China and the prospect of fiscal stimulus in the US and have significantly increased their exposure to industrial metals. Conversely... 6th December 2016 · 1 min read
Commodities Weekly OPEC seal the deal Oil prices surged this week as OPEC surpassed expectations by confirming production cuts and announcing quotas for member countries. Given OPEC’s poor record on compliance, we are sceptical that the... 2nd December 2016 · 1 min read
Precious Metals Update Palladium market to continue to tighten in 2017 The performances of the three main platinum group metals (PGMs) – platinum, palladium and rhodium – have diverged sharply over the past few months. Palladium has seen the biggest gains in the year-to... 2nd December 2016 · 1 min read
Commodities Chart Pack Markets focus on the Trump positives Following the victory for Donald Trump in the US presidential election, commodity markets chose to focus on his promise of a large fiscal stimulus, including a substantial increase in infrastructure... 1st December 2016 · 1 min read
Metals Watch What’s next for zinc prices? Over the past year, zinc prices have rallied strongly, reaching a nine-year high recently, on the back of mine closures and production cuts. While the refined market will continue to tighten through... 30th November 2016 · 1 min read
Commodities Weekly Oil market in wait-and-see mode The prices of industrial metals surged again this week, in large part due to investor buying. In contrast, the price of gold fell further as the dollar appreciated and the minutes of the November FOMC... 25th November 2016 · 1 min read
Industrial Metals Update Weakness in China’s metals imports could prove temporary China’s metals imports remained subdued in October as higher dollar prices and some further depreciation of the renminbi weighed on volumes. 25th November 2016 · 1 min read
Metals Data Response China and India’s gold imports (Oct.) The latest import data out of China and India show a mixed picture for gold demand in the two largest consumers. China’s appetite for the metal appears to have faltered in recent months. In contrast... 24th November 2016 · 1 min read
India Chart Pack Anti-corruption drive has further to run The government’s shock demonetisation announcement earlier this month was its boldest measure yet to tackle corruption and formalise large parts of the shadow economy, but it is unlikely to be the... 24th November 2016 · 1 min read
Commodities Weekly Commodities take stock After last week’s wild swings, the prices of most commodities stabilised this week. That said, positive comments from OPEC and Russian officials on the prospects for output cuts gave oil prices a... 18th November 2016 · 1 min read
Industrial Metals Update Trump victory proves divisive Industrial metals prices were already rising ahead of Donald Trump’s election to the US Presidency, but his victory appeared to provide new grounds for optimism as markets focussed on his plans for... 17th November 2016 · 1 min read
Precious Metals Update Gold down, but not out? Right now the decision to nudge up our forecasts for the gold price in the wake of Donald Trump’s shock victory in the US presidential election may not look like a smart one. Indeed, the price of the... 16th November 2016 · 1 min read
Commodities Update Investors turn positive on metals The prices of industrial metals have risen strongly in the last month on optimism about demand and a surge in investor buying. In contrast, sentiment has turned negative in the oil market as investors... 15th 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
