Latest news with #marketdeficit
Yahoo
30-06-2025
- Business
- Yahoo
Citi expects gold price to consolidate around $3,100-$3,500 in third quarter
(Reuters) -Citi expects the price of gold to consolidate around $3,100 to $3,500 per ounce in the third quarter, as prices moderate due to geopolitical de-escalation in the Middle East and an improved global growth outlook, the bank said in a note on Monday. "We expect continued price consolidation ... and highlight our view that we may have already seen the highs at $3,500/oz in late April as the gold market deficit is peaking soon if not already," Citi said in the note. It added that gold prices have dropped by over $100 per ounce since the bank lowered its 0-3 month price target from $3,500 per ounce to $3,300 per ounce in its mid-June third-quarter outlook, with the metal now trading just below that revised target. The bank expects the gold market deficit to peak during the third quarter. And the market should fundamentally weaken thereafter, driven by lower investment demand. Citi expects gold prices to fall back to $2,500 to $2,700 per ounce by the second half of 2026 and said it "strongly (recommends) gold producers take insurance against downside in prices from current levels."
Reuters
30-06-2025
- Business
- Reuters
Citi expects gold price to consolidate around $3,100-$3,500 in third quarter
June 30 (Reuters) - Citi expects the price of gold to consolidate around $3,100 to $3,500 per ounce in the third quarter, as prices moderate due to geopolitical de-escalation in the Middle East and an improved global growth outlook, the bank said in a note on Monday. "We expect continued price consolidation ... and highlight our view that we may have already seen the highs at $3,500/oz in late April as the gold market deficit is peaking soon if not already," Citi said in the note. It added that gold prices have dropped by over $100 per ounce since the bank lowered its 0-3 month price target from $3,500 per ounce to $3,300 per ounce in its mid-June third-quarter outlook, with the metal now trading just below that revised target. The bank expects the gold market deficit to peak during the third quarter. And the market should fundamentally weaken thereafter, driven by lower investment demand. Citi expects gold prices to fall back to $2,500 to $2,700 per ounce by the second half of 2026 and said it "strongly (recommends) gold producers take insurance against downside in prices from current levels."
Times of Oman
25-06-2025
- Business
- Times of Oman
Silver prices poised to go up on rising demand, declining supply: Report
New Delhi: Silver prices are expected to go up, due to a combination of factors including rising demand and declining supply, a recent report by ICICI ETF indicated. The report further adds that the silver market is projected to experience a deficit of 3,339 tonnes by the end of 2025. According to the report, this anticipated deficit marks the fourth consecutive year that the silver market will face such a situation, which would ultimately drive silver prices upward. However, there's a positive trend within these deficits, the projected deficit for 2025 shows a significant decline from previous years. The deficit stood at 7,076 tonnes in 2022 and is expected to fall to 3,339 tonnes by the end of 2025. Rising silver demand was mainly due to higher demand for industrial uses, specifically from the electrical and electronics segment, which witnessed a growth of 49 per cent between 2016 and 2024. Additionally, the field of photovoltaics, i.e., the solar panel industry, has grown significantly, which has also contributed to the demand for silver and is forecasted to grow to 5,548 tonnes by the end of 2025. Furthermore, its antimicrobial properties are vital in medicine for wound care and water purification. Beyond modern tech, silver shines in jewellery, coinage, and decorative items, cherished for its beauty and historical value. The July silver contracts on the Multi Commodity Exchange (MCX) rose by Rs 483 per kg or 0.46 per cent to Rs 105,400 per kg as of 10:16 am IST. Silver futures also hit their all-time high of Rs 1,09,748 per kg on MCX last week. Earlier this month, Silver prices crossed the USD 35 mark per ounce and hit their highest level since March 2012, boosted by a combination of factors such as a weaker US dollar, rising geopolitical tension and robust industrial demand.
Khaleej Times
19-06-2025
- Business
- Khaleej Times
Is platinum on its way to become the next gold in investing?
In 2025, platinum has emerged as a surprising frontrunner in the world of precious metals, capturing the attention of investors who once focused solely on gold. Platinum rose one per cent to $1,336.08 on Thursday. Earlier in the session, the metal hit $1,348.72, its highest level since September 2014, Reuters reported. 'Platinum lease rates are high, so the refineries are not looking to manufacture because the cost is much higher. So demand is coming, but there's not enough supply... above ground inventory is tight,' said Brian Lan, managing director at GoldSilver Central, Singapore. Platinum lease rates refer to the cost of borrowing platinum for a set period of time. High lease rates can indicate a shortage of platinum in the market. With a remarkable surge of nearly 49 per cent this year, platinum has outpaced both gold and silver, prompting many to ask: could platinum be the next gold in terms of capital gains? The answer lies in a combination of industrial demand, supply constraints, and a shifting global energy landscape. Platinum isn't just a precious metal — it's a workhorse in the industrial world. It plays a critical role in catalytic converters for vehicles, hydrogen fuel cells, and other clean energy technologies. As the world accelerates toward decarbonisation, platinum's relevance has only grown. At the same time, supply has tightened. Mining output dropped by 13 per cent in the first quarter of 2025, contributing to a projected market deficit of nearly one million ounces. According to the Platinum Quarterly, the platinum market is expected to record a deficit of 966,000 ounces this year, which follows a 992,000 ounces deficit in 2024. The forecast platinum market deficit for 2025 has been increased from the 848 koz reported in March primarily due to upward revisions in global platinum demand. This imbalance between supply and demand has helped drive prices upward. Despite this rally, platinum still trades at just over half of its 2008 all-time high, making it appear undervalued—especially when compared to gold, which is currently at record levels. This relative undervaluation, combined with its industrial utility, has made platinum an increasingly attractive option for investors looking to diversify their portfolios. Gold, long considered the ultimate safe haven, remains a strong performer with gains of around 30 per cent this year. But platinum's dual identity—as both an industrial and investment metal—offers a different kind of opportunity. It's more volatile, yes, but also potentially more rewarding. 'A combination of industrial demand, supply constraints, clean energy applications and pricing make platinum the most attractive precious metal in 2025,' Kent Thune, analyst at wrote. In short, while gold continues to shine, platinum is beginning to sparkle in its own right. For investors willing to embrace a bit more risk in exchange for higher potential returns, platinum may very well be the metal to watch.
Bloomberg
19-06-2025
- Business
- Bloomberg
Platinum Rallies to the Highest Since 2014 Amid Market Tightness
Platinum extended a powerful rally to hit the highest level in more than a decade, with gains underpinned by a spike in demand and expectations for a market deficit. Spot prices surged by more than 2% to $1,350.17 an ounce, the highest level since September 2014. In a sign of near-term tightness, metal for immediate delivery has been trading at a premium to futures.
