Precious Metals Update Strong demand to lift palladium prices Expectations of strong growth in US and Chinese auto output and sales in 2015 underpin our forecast of a recovery in palladium prices. At the same time, supply remains constrained. 13th February 2015 · 1 min read
Metals Focus What next for global metals demand? Concerns about global growth prospects, and particularly the slowdown in China, have reportedly been a key factor in the recent falls in metals prices. However, we would argue that these fears are... 12th February 2015 · 1 min read
Commodities Outlook 2015 to be a year of recovering prices 2014 was the fourth successive year of poor performance by commodities, especially relative to bonds and equities, but we believe 2015 will be the year when many finally turn the corner. The recent... 9th February 2015 · 1 min read
Commodities Weekly A sustained rally in oil prices? Oil prices have rebounded by over 20% in the last week during a period of highly volatile trading. The rally was sparked by growing evidence of declining US rig counts and multiple announcements of... 6th February 2015 · 1 min read
Precious Metals Update How big a threat is Fed tightening to gold prices? If nothing else changes, earlier hikes in interest rates by the US central bank would be likely to undermine the prices of precious metals, notably gold and silver. The 2% fall in the gold price after... 6th February 2015 · 1 min read
Precious Metals Update Is deflation good or bad for gold? While the price of gold may well rise further when inflation is high than when it is low, periods of deflation can also be positive for the precious metal. This is because of the financial and... 4th February 2015 · 1 min read
Commodities Chart Pack Precious metals prove their worth Commodity prices stabilised towards the end of January after sharp falls in oil and copper earlier in the month. The strength of the US dollar and concerns about global growth remain significant... 2nd February 2015 · 1 min read
Precious Metals Update Gold to benefit from revival of Grexit concerns Whether or not Greece ultimately exits the euro, we expect the price of gold to be boosted further this year by the return of safe-haven demand as the country’s financial problems drag on. 30th January 2015 · 1 min read
Commodities Weekly Copper caught up in January sell-off The copper price has continued to tumble this week. We suspect this is due to financial factors rather than underlying fundamentals. The copper market’s high liquidity has made it vulnerable to... 30th January 2015 · 1 min read
Precious Metals Update Platinum prices to rise on buoyant jewellery demand The fall in the platinum price in H2 2014 has made the metal look increasingly good value. We expect strong growth in jewellery demand, notably in Asia, the release of some pent-up demand for new cars... 28th January 2015 · 1 min read
Precious Metals Update Silver to out-perform gold as both climb further An environment of rising gold prices and improving sentiment towards the global economy should see the price of silver out-perform its fellow precious metal. We are raising our forecasts for silver... 23rd January 2015 · 1 min read
Precious Metals Update Gold price on track for $1,400 The continued recovery in the gold price to $1,300 per ounce today means that it has already hit our (relatively bullish) target for the end of this year. Looking ahead, one big unknown is the market... 21st January 2015 · 1 min read
Nordic & Swiss Economics Update Gold referendum highlights limits of SNB policy Fears that a referendum over the Swiss National Bank’s (SNB’s) gold holdings might prevent the Bank defending its ceiling for the Swiss franc may be overblown. But the referendum highlights political... 4th November 2014 · 1 min read
