Artiklar tagged med: China
Gold staged a recovery late in 2018. The yellow metal has recovered most of its losses since June 2018. A collapse in speculative positioning in gold futures drove prices down in the second half of the year, sentiment toward gold is clearly recovering in recent weeks. We expect the recovery to continue as many risks that were being ignored by the market start to get priced-in to gold. Our base case scenario is for gold to reach close to US$1370/oz by year end.
Figure 1: Gold price forecast
Source: WisdomTree Model Forecasts, …
Electric Vehicles (EVs) tap into key megatrends
The world is changing at a rapid pace. Over the next decade, we expect five key megatrends to shape the framework in which we live. The marriage of two of these key megatrends – (1) technological innovation and (2) climate change builds the case for EV adoption. The reason for this is, the rise of EVs plugs the problem of rising global carbon emissions along with reaping the benefits of the rapid technological advancement.
Sources: Mc Kinsey July 2016, United Nations (UN) June 2017, Intergovernmental …
Precious metals favoured in a week of volatility
ETF Securities – Precious metals favoured in a week of volatility
Gold and silver inflows dominated in a week of political volatility.
Profit-taking follows rise in oil price.
Investors appeared to sell diversified commodity baskets as volatility intensified.
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A rally in gold and silver prices piqued investor interest in precious metal ETPs. A 2.8% rise in gold prices and a 0.3% rally in silver prices last week aided inflows into precious metal ETPs. Silver saw a second consecutive week of inflows of US$8.3mn. …
Commodities buck cyclical shakedown
Commodity Monthly Monitor – Commodities buck cyclical shakedown
Your reference guide to commodity markets. Includes the latest outlook for each commodity sector and major developments for individual commodities.
After capitulating in 2017, agricultural prices are picking up momentum in 2018.
Industrial metals continue to outperform based on strong fundamentals.
The energy complex was a drag on commodity performance last month.
Silver prices to play catch up as fundamentals improve.
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While the S&P500, cryptocurrencies and bond prices fell last month, commodities posted gains. The S&P500 volatility index is now back to …
Strongman emerges out of China
The two-term limit on China’s president has been abolished. That paves the way for Xi Jinping, the sitting president and General Secretary of the Communist Party of China to become a strongman. While not so good for the country’s institutional framework, “more of the same” could bode well for commodity demand in the short to medium term.
As we wrote about in China Congress: The making of a strongman, Xi Jinping has been using the past few years to purge his competition. Partly under the ruse of …