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Metals: Highlights | November 2014

[EN] Gold and silver prices have reached their lowest level for four and a half years. Irrespective of a tense political situation in the world, including the conflict between Russia and Ukraine and the war in Middle East, investors don’t see a necessity to secure their fortune by the purchase of gold. Among other things the price declines because of a significant and steady decrease in demand for gold in Asia. Moreover a strengthening US-Dollar keeps the the gold price too expensive for some investors. Additionally more and more speculators bet on falling gold prices.
On the other hand prices for aluminium, copper and zinc report a sudden rise. Among others this is because of announced strikes in Indonesia and Peru. However most analysts still expect an excess of output and therefore further declining prices in the long term.

Looking at the past 12 months, we have observed strong price increases but also noticeable decreases for the major metal markets. In particular prices for zinc (+27.8%), aluminium (+20.1%) and nickel (+17.1%) have risen remarkably. On the other hand the precious metal markets gold (-4.3%) and silver (-21.9%) have reported a clear price decrease.

As already stated, we have observed ongoing price declines for gold (-3.9%) and silver (-5.3%) but also for nickel (-3.8%) and lead (-2.8%) in the last month. On the other side aluminium (+6.6%), zinc (+2.4%) and copper (+1.9%) report a rise. The highest price movements are still registered by the Nickel market with an annualized volatility of 31.3% at the end of October.

In order to provide market visibility for European companies affected by raw material costs, the following analysis takes into consideration the price evolution in EUR unless specified. Please click on the raw materials below to receive more detailed information.

Metals prices returns | 1 YEAR | daily price dataMetals prices returns | 1 MONTH | daily price data
November 2013 – October 2014October 2014

1. GOLD  Read more

2. SILVER Read more

3. COPPER Read more

4. ALUMINIUM Read more

5. LEAD Read more

6. ZINC Read more

7. NICKEL Read more


Date of publication: 10 November 2014
Sources | Disclaimer | Methodology

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