The Precious Metal Derivatives market in Ireland is experiencing a notable shift in customer preferences, trends, and local special circumstances.
Customer preferences: Investors in Ireland are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The allure of these financial instruments lies in their ability to provide exposure to the price movements of precious metals without the need for physical ownership.
Trends in the market: One prominent trend in the Precious Metal Derivatives market in Ireland is the growing demand for gold and silver derivatives. This trend is driven by global economic uncertainty, geopolitical tensions, and the low-interest-rate environment, which are prompting investors to seek safe-haven assets. Additionally, the rise of online trading platforms has made it easier for retail investors to access Precious Metal Derivatives, further fueling the market's growth.
Local special circumstances: Ireland's status as a financial hub within the European Union has positioned it as a key player in the Precious Metal Derivatives market. The country's well-developed financial infrastructure, robust regulatory framework, and skilled workforce have attracted both domestic and international investors looking to participate in the derivatives market. Moreover, Ireland's strategic location and strong ties to other global financial centers make it an attractive destination for trading Precious Metal Derivatives.
Underlying macroeconomic factors: The development of the Precious Metal Derivatives market in Ireland is also influenced by broader macroeconomic factors such as interest rates, inflation, and currency fluctuations. As central banks implement accommodative monetary policies to support economic recovery, investors are seeking alternative assets like gold and silver derivatives to protect their wealth against potential inflationary pressures. Additionally, the weakening of the euro relative to other major currencies has made Precious Metal Derivatives denominated in foreign currencies more appealing to Irish investors looking to diversify their currency exposure.
Data coverage:
Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.Modeling approach / Market size:
Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.Additional Notes:
The market is updated twice per year in case market dynamics change.
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