Explore Special Offers & White Papers from ADMIS

Palladium Market Remains Resilient

GOLD / SILVER

With a bullish physical commodity market buzz early, a fresh downside breakout in the dollar early and news that Chinese buying of gold rebounded aggressively in the first quarter, news that global gold demand fell to a 13-year low has been discounted. Apparently, global ownership of gold has shifted from investors in Europe and North America to consumer buying in Asia.

PLATINUM / PALLADIUM

The palladium market remains very resilient, and the record run looks to continue. However, Chinese PMI data out tonight could be a major influence on palladium prices to end the trading week. With a significant failure on the platinum charts yesterday, the bear camp regains control.

COPPER

With another new contract high rally overnight the track towards all-time high prices continues in earnest. Obviously, the copper market is being fueled by improving demand as overnight headlines showed increased production from 2 major producers (KAZ minerals and Glencore). On the other hand, LME copper warehouse stocks continue to decline in a sign that non-Chinese copper demand might be recovering.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started