RapNet


Rapaport News

 

Research

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Commodity Prices to Decline in 2015: World Bank

Jul 23, 2015 5:20 AM   By Ronen Shnidman
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... The prices for all major commodities will likely fall in 2015, the World Bank forecasted in its Commodity Markets Outlook report released on Wednesday.

The bank projected that prices for precious metals, specifically gold, silver and platinum, will decline 9 percent in 2015 due primarily to reduced investment demand. The bank said that it expected gold prices to fall 12 percent this year, largely driven by expectations of a tightening U.S. monetary policy.

However, the World Bank noted that physical demand for gold improved during the second quarter with strong demand in India, one of the world’s two leading gold consumers. In China, the world’s other leading gold consumer, demand remained weak as investors chose to place their money into equities amid a surging stock market during the quarter.

Gold demand is considered an important indicator in forecasting diamond jewelry sales since the metal is typically used in the design of diamond jewelry.
Tags: gold, gold price, precious metals, Ronen Shnidman, trend, World Bank
Similar Articles
Rapaport TradeWire April 23, 2020
Apr 23, 2020
Industry Retail Mining General Finance April 23, 2020 RAPAPORT...
Rapaport TradeWire April 23, 2020
Rapaport TradeWire April 16, 2020
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us