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Goldman stays bullish on copper

Posted on 16 October 2012

Goldman Sachs, one of Wall Street’s leading commodities trading banks, stuck to its bullish 2013 copper price forecast amid the cautious mood among traders at the start of London Metal Exchange week.
The investment bank reiterated its forecast for the red metal – that it would to hit $9,000 a tonne over the next six months, 11 per cent higher than at present. Copper remained the bank’s “most preferred base metals exposure,” said Max Layton, Goldman’s metals analyst………………………………………..Full Article: Source

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