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Goldman Sachs predicts commodity ‘renaissance’

Posted on 07 December 2012

Commodity markets have entered a “renaissance” phase where prices are unlikely to go much higher but still offer investment opportunities, analysts at Goldman Sachs say. In a separate Wednesday report, the Goldman analysts said rising natural-gas and oil production in the U.S. will likely pare down risks the global economy would be “choked” by the rising prices of both raw materials.
In a report focused on commodities in the next year, the investment bank kept its recommendation for investors to be overweight in commodities, and forecast near-term returns of 11% and of 7% at the end of 2013 for the asset class………………………………………..Full Article: Source


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