Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Commodities

Breaking a long trend, demand for gold jewelry in China and India has plummeted in recent years, dragging global demand to its lowest level in seven years. But despite this massive decline in the largest single source of gold demand, prices have proved resilient, largely due to strong investor demand. In the face of ongoing interest-rate hikes by the U.S. Federal Reserve, ETF holdings have risen to levels last seen in 2013, a period defined by much higher gold prices.Prevailing prices of nearly $1,300 per ounce have limited fundamental support. Continued rate hikes threaten to reverse last year's near-record ETF inflows, as still-manageable inflation would push real interest rates well above levels that attract investor interest. We expect gold prices to fall in the remainder of 2017 and into 2018, before increased Chinese and Indian jewelry demand catalyzes a rebound. Investor outflows can strike suddenly, but a full recovery in jewelry sales will take time.Analyst: Kristoffer Inton

Breaking a long trend, demand for gold jewelry in China and India has plummeted in recent years, dragging global demand to its lowest level in seven years. But despite this massive decline in the largest single source of gold demand, prices have proved resilient, largely due to strong investor demand. In the face of ongoing interest-rate hikes by the U.S. Federal Reserve, ETF holdings have risen to levels last seen in 2013, a period defined by much higher gold prices.Prevailing prices of nearly $1,300 per ounce have limited fundamental support. Continued rate hikes threaten to reverse last year's near-record ETF inflows, as still-manageable inflation would push real interest rates well above levels that attract investor interest. We expect gold prices to fall in the remainder of 2017 and into 2018, before increased Chinese and Indian jewelry demand catalyzes a rebound. Investor outflows can strike suddenly, but a full recovery in jewelry sales will take time.Analyst: Kristoffer Inton

Gold Forecast Update: Standing on One Leg