Precious Metals Update India to remain a major importer of gold, for now While the response to India’s Gold Monetisation Scheme has been fairly muted so far, the Sovereign Gold Bond Scheme has been a success, having attracted the equivalent of almost four tonnes of gold... 29th January 2016 · 1 min read
Precious Metals Update China’s imports suggest platinum back in fashion China’s imports of palladium plunged in 2015 as stocks were drawn down, but a pick-up in car production suggests that demand should recover soon. Meanwhile, imports of platinum were up strongly on the... 26th January 2016 · 1 min read
Metals Data Response China and India’s gold imports (Dec.) Gold imports by China and India shot up in 2015, to the highest level since 2013. We expect demand from emerging markets to remain strong in 2016, helping to underpin our positive view on prices. 26th January 2016 · 1 min read
Commodities Weekly Oil prices jump on Saudi comments and US blizzard After another poor start, the prices of industrial commodities ended the week on the up. The main positives were hints of additional monetary policy support from the ECB and the absence of any more... 22nd January 2016 · 1 min read
Precious Metals Update Platinum price to recover despite emission scandal News that Renault failed emission tests on some vehicles has weighed on the price of platinum over the past few days. However, we think that sentiment towards platinum is excessively negative at the... 22nd January 2016 · 1 min read
Industrial Metals Update Safe-haven demand drives gold price higher The turmoil in global equity markets has weighed on the prices of the more industrial precious metals (PM) over the past month, with platinum and palladium recording the worst losses. In contrast... 20th January 2016 · 1 min read
Commodities Weekly Oil price slide increases chances of a V-shaped rebound After another poor start, the prices of industrial commodities ended the week on the up. The main positives were hints of additional monetary policy support from the ECB and the absence of any more... 15th January 2016 · 1 min read
Metals Watch What are cost curves telling us about precious metals? Cost curves are a widely-used tool to determine the potential direction of commodities production and prices. Given the weakness in the latter over the last few years, cost curves are currently of... 14th January 2016 · 1 min read
Metals Chart Pack PMs shrug off Fed’s first rate hike Precious metals’ performances diverged in December. Gold and silver prices were broadly flat despite the Fed hiking interest rates for the first time since 2006, while platinum and palladium recovered... 13th January 2016 · 1 min read
Commodities Weekly Poor start gives way to some more encouraging signs The prices of key industrial commodities fell further in the first full week of 2016, led by oil, as China worries resurfaced again. The markets also concluded (rightly, in our view) that the... 8th January 2016 · 1 min read
Precious Metals Update Three reasons to be positive on silver in 2016 Silver’s prospects will remain closely tied to those of gold in 2016. While Fed tightening and renewed dollar strength should continue to weigh on the prices of gold and silver over the next year or... 8th January 2016 · 1 min read
Precious Metals Update Gold price to rally in 2016 despite US headwinds We expect further Fed tightening and renewed dollar strength to continue to weigh on the price of gold over the next year or so. Nonetheless, we still see scope for a partial recovery driven by a... 5th January 2016 · 1 min read
Commodities Chart Pack A mixed December closes a bleak year for commodities Broad commodity indices fell in December on the back of plummeting oil prices. But outside of energy, commodities withstood the first Fed rate hike in ten years better than many had anticipated... 4th January 2016 · 1 min read
Commodities Update Our six key themes for commodity markets in 2016 2015 has of course been a difficult year for those, ourselves included, who have had anything positive to say about commodities. We will publish detailed predictions for 2016 early in January after a... 23rd December 2015 · 1 min read
Precious Metals Update Precious metals supply to tighten as currency boost fades Falls in currencies of major producers have played a key role in cushioning mining companies’ margins in recent years. However, with the prices of most precious metals trading below production costs... 22nd December 2015 · 1 min read
Precious Metals Update Weak industrial demand continues to weigh on US silver trade US imports of semi-manufactured silver remained subdued in September, suggesting that industrial demand is yet to recover. In contrast, investors continued to buy into falling prices, boosting demand... 21st December 2015 · 1 min read
