India likely imported considerably more gold y-o-y in Q2

Sep 01, 2015 09:37 am UTC| Commentary

According to the authority responsible for trade statistics, India imported 56.6 tons of gold in June, 27% less than in last June. At 212.6 tons, second-quarter imports were 23% up on the year-on-year level.The current...

Gold price rises in the slipstream of oil

Sep 01, 2015 09:34 am UTC| Commentary

Although gold long failed to profit from the weaker US dollar and falling equity markets yesterday, falling for a time to $1,125 per troy ounce, it is trading back above $1,140 this morning. The significantly higher oil...

News about markedly falling US crude oil production lead to soaring oil prices

Sep 01, 2015 09:33 am UTC| Commentary

Brent rising by a further 8% and WTI by 9%, oil prices made strong gains yesterday for the third consecutive day. Another sharp price increase did not seem on the cards at the start of trading yesterday, as oil prices were...

South Korean economy likely to grow at 2.7% yoy

Sep 01, 2015 09:28 am UTC| Commentary

South Koreas advance GDP growth for 2Q expanded at a slower pace than in 1Q. Amid sluggish consumption and anemic exports, 2Q GDP growth moderated to 2.2% yoy from 2.5% yoy in 1Q. GDP growth was dragged by weaker private...

Chinese Yuan devaluation a mixed blessing for South Korea

Sep 01, 2015 09:12 am UTC| Commentary

South Koreas nominal exports growth continued to weaken, contracting 4.9% yoy over Jan-July. In real terms, exports plunged into negative territory, declining 0.9% yoy in 2Q15, the first real exports contraction since...

The Fanya Metals Exchange collapse

Sep 01, 2015 08:53 am UTC| Commentary

Last week in an early morning vigilante type move, a group of investors in the city of Kunming, China in only what can be described as daring citizens arrest accosted a Mr. Shan Jiuliang, the Head of the Fenya Metals...

Danish economy to post higher growth rate in coming years

Sep 01, 2015 07:42 am UTC| Commentary

Danish private consumption fell by 0.5% q/q in Q2 and import was down by 3.4%. Therefore, despite the ongoing expansion in production, domestic demand came in fairly weak in Q2. Export dropped by 2.2%. On the positive side...