Hedging
Liquidity Solutions
Cash Flow Forecasting
Corporate Treasury Outsourcing
Treasury Tecnology
Connectivity
Supply Chain Finance
SME Forex
Money Market FundsBASELINE VIEW – PRECIOUS METALS:
Tightening supply should keep PGM prices elevated, given little progress seen in alleviating output constraints in key producer South Africa. Meanwhile, gold should remain supported amid robust fundamentals, but lack the strong bullish momentum that was seen in the earlier stages of this year.
BASELINE VIEW – INDUSTRIAL METALS:
Following the most recent tariff developments, rebalancing is expected across several key markets. As inventories and trade flows shift, the support prices received from speculative positioning should fade. Slowing economic momentum in China poses a further headwind, although this may be cushioned by expectations for a weaker USD through the final stages of this year.
Read more