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Goldman Sachs call helps metals prices

Posted on 26 May 2011

Last month Goldman Sachs became much more pessimistic in regard to commodity prices, and advised investors to take profits. However, yesterday the US bank revised its outlook for some important commodities upwards again – notably crude oil, zinc and copper. Commodity prices have risen in response, as have the shares of oil, gold and base metal producers.
Goldman bases its revised outlook on its expectations of increases in global growth. In its view, rising global demand for important commodities could lead to supply bottlenecks in the second half of 2011, which will likely result in higher prices………………………………………Full Article: Source


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