Commodities Weekly Commodities hit by strong US data and Saudi comments Markets began the second quarter on Friday on a sour note, with sentiment undermined both by a weak Tankan survey in Japan and, rather perversely, by another robust Employment Report and a buoyant ISM... 1st April 2016 · 1 min read
Precious Metals Update Rhodium price to benefit from tighter fundamentals The price of rhodium is set to recover over the next couple of years as (i) cuts to capital expenditure in South Africa start to take their toll on production and (ii) usage of the metal in... 31st March 2016 · 1 min read
Metals Data Response China and India’s gold imports (Feb.) Gold imports by both China and India remained weak in February. We think this was partly due to the strength of the gold price and partly to temporary factors, notably the Lunar New Year holidays in... 29th March 2016 · 1 min read
Commodities Weekly Markets pause for a reality check Industrial commodity prices have typically eased back in the past week in sympathy with other assets, as markets have reassessed the outlook for US interest rates and the dollar. In particular,... 24th March 2016 · 1 min read
Metals Watch Is the best yet to come for silver prices? After a weak 2015, the prices of gold and silver have rallied since the beginning of the year, underpinned by safe-haven demand and rising inflation expectations in the US. Yet, silver has failed to... 24th March 2016 · 1 min read
Commodities Update Key commodity prices set for further gains Followers of our relatively upbeat research since January may not be surprised to hear that we expect many commodity prices to rally further. (See our quarterly Commodities Analyst, “Oil to lead a... 23rd March 2016 · 1 min read
Precious Metals Update China’s PGM imports soar in February China’s imports of palladium and platinum continued to rise strongly in February. We expect imports to remain buoyant over the coming months as car output trends higher and demand for platinum... 21st March 2016 · 1 min read
Commodities Weekly Fed’s apparent “dovishness” cheers the markets Commodities have benefited in the past week from a continued improvement in investor sentiment, helped by a relatively dovish statement from the US central bank which weakened the dollar further... 18th March 2016 · 1 min read
Metals Chart Pack Gold continues to shine on rising inflationary pressures Precious metals prices rallied over the past month, bolstered by a weaker US dollar and a lessening of fears over a slowdown in China. While gold benefited from the Fed’s dovishness in its latest... 18th March 2016 · 1 min read
Precious Metals Update Much more to gold’s rally than changes in monetary policy The price of gold has been boosted further today by the apparent dovishness of the Fed. Indeed, the consensus view seems to be that the prospects for the precious metal can be distilled down to... 17th March 2016 · 1 min read
Industrial Metals Update Sentiment towards precious metals improves Precious metals prices continued their upward trend over the last month, bolstered by a weaker US dollar and a scaling back of fears over a hard landing in China. While gold benefited from further... 16th March 2016 · 1 min read
Commodities Update Investors become more sanguine on China Over the last few weeks, investors have appeared to come round to our long-held view that fears of a hard landing in China were overdone. Energy and metals prices, in particular, benefited from the... 16th March 2016 · 1 min read
Metals Data Response US silver imports and exports (Dec.) US imports of semi-manufactured silver are showing signs of improvement, suggesting that industrial demand could be on the mend. Meanwhile, US production of silver continued to fall, supporting our... 15th March 2016 · 1 min read
Precious Metals Update Palladium price to strengthen, despite high stocks Concerns about China’s demand have been weighing on the price of palladium in recent months. As such, we think the price will recover as investor fears of a hard landing in China are assuaged. However... 11th March 2016 · 1 min read
Precious Metals Update Is ECB easing good or bad for gold? The fall and subsequent rebound in the dollar price of gold after today’s announcement of additional monetary stimulus from the European Central Bank (ECB) should help to settle the debate over what... 10th March 2016 · 1 min read
Commodities Weekly Goldilocks eats the bears... Some “just right” US economic data, with activity and inflation neither too hot nor too cold, has boosted the prices of equities and commodities this week. What’s more, the gold price has resumed its... 4th March 2016 · 1 min read
