Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Research more

Commodities sell-off overdone: Goldman Sachs

Posted on 12 March 2013

Goldman Sachs turned bullish on commodities on Monday, upping its near-term return forecast from 2 percent to 6 percent, despite renewed concerns about a slowdown in China. Prices for commodities such as oil fell sharply in February, as weak data raised concerns about the economic strength of China, the world’s second-biggest oil consumer. Brent crude oil traded below $110 on Monday, down from a three-month high of $119.17 on February 8.
However, Goldman Sachs said the drop in prices was “too much, too soon”. “Although volatility rose during February, it did so from extremely low levels and in some cases from record low levels,” Goldman analysts wrote in a note………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031