Metals Data Response China’s gold imports (May) A sharp rise in mainland China’s gold imports from Hong Kong in May could have been driven by fears of a further correction in Chinese equities. While imports from India were up 16% y/y in May, they... 26th June 2015 · 1 min read
Precious Metals Update India’s gold demand to remain strong despite poor monsoon According to the World Gold Council (WGC), rural households in India allocate 7-8% of their annual savings to gold. Good harvests raise income levels and translate into greater gold demand. However... 22nd June 2015 · 1 min read
Commodities Weekly Industrial metals continue to struggle The escalating crisis surrounding Greece’s negotiations with its creditors and its potentially negative implications for the euro-zone economy weighed on investor sentiment this week. Industrial... 19th June 2015 · 1 min read
Commodities Update Why commodity investors shouldn’t fear the Fed The US central bank is edging towards a first interest rate hike, most likely in September. Thereafter, we expect rates to rise faster than the markets (and Fed officials themselves) generally... 18th June 2015 · 1 min read
Precious Metals Update What does China’s rebalancing mean for PGMs? The potential impact on precious metals demand of China’s transition to a consumption-led growth model could be substantial. We believe that palladium and platinum in particular will benefit due to... 17th June 2015 · 1 min read
Industrial Metals Update Investors turn even more negative on PMs Over the past month, precious metal (PM) prices have dropped sharply. Gold has fared better than its peers, as lingering risks in Europe have cushioned the price from further losses. Both the... 16th June 2015 · 1 min read
Commodities Focus An introduction to Rare Earth Elements Rare Earth Elements (REEs) are highly sought-after chemical elements which are essential components of a wide range of products, ranging from smart phones to wind turbines and cancer-treating drugs... 15th June 2015 · 1 min read
Commodities Weekly Positive case for gold remains intact Most commodity prices have moved in narrow ranges in the past week. US natural gas prices continued their see-saw pattern, buffeted by weather and other seasonal factors. But other markets were... 12th June 2015 · 1 min read
Metals Data Response South Africa’s Mine Production (Apr.) South Africa’s platinum group metals (PGM) production fell slightly m/m in April but has returned to pre-strike levels. While this could adversely impact platinum and palladium prices in the short... 11th June 2015 · 1 min read
Metals Data Response World Gold Official Reserves (Apr.) Global central banks continued to buy gold for diversification purposes in April. Buying was mostly concentrated among emerging markets’ central banks, with Russia once again particularly active. 8th June 2015 · 1 min read
Precious Metals Update Gold price to benefit from further central bank buying We expect official purchases to be one of several factors that boost gold prices in the next year or two, despite the prospect of tighter US monetary policy and renewed strength in the dollar against... 8th June 2015 · 1 min read
Commodities Weekly Ample supply to cap oil prices Commodity prices have remained under pressure from continued dollar strength, although supply concerns in the past week have supported some agriculturals – notably wheat and coffee. US lumber prices... 5th June 2015 · 1 min read
Precious Metals Update Can gold buck the trends of rising yields and dollar strength? In the short term it is often hard for the price of gold to decouple from movements in US bond and currency markets – as the initially negative reaction to today’s strong US payrolls report has once... 5th June 2015 · 1 min read
Precious Metals Update Strong US auto sales to boost PGMs demand We believe the prices of platinum group metals (PGMs) will benefit from increased autocatalyst demand. However, palladium is likely to outperform platinum due to the limited penetration of diesel cars... 4th June 2015 · 1 min read
Metals Chart Pack Silver continues to outshine other precious metals Despite renewed strength in the US currency, precious metals prices held up well in May compared to other commodities. Silver outperformed gold (by nearly 4%), as is usual when the prices of both... 3rd June 2015 · 1 min read
Commodities Chart Pack Strong dollar and ample supply weigh on prices R enewed strength in the US currency undermined most commodity prices again last month, with ample supply dragging down crude oil and many agricultural too. Lingering concerns over the risk of a “hard... 1st June 2015 · 1 min read
