Advanced Search

Commodity Prices to Decline in 2015: World Bank

Jul 23, 2015 5:20 AM   By Ronen Shnidman
Comment Comment Email Email 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 August 19, 2021
Aug 19, 2021
Industry Retail Mining General Finance August 19, 2021 RAPAPORT MARKET COMMENT Dealers optimistic about
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.