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Commodities Briefing - Categorized | Index, Trends more

Goldman expects decline in commodities index in 12 months

Posted on 12 September 2013

Goldman Sachs Group Inc. cut its 12-month forecast for commodity returns, predicting a decline in precious metals, agriculture and energy. The bank kept its neutral recommendation on raw materials.
The Standard & Poor’s GSCI Enhanced Commodity Index will drop 2 percent, compared with an increase of 0.1 percent expected in July, analysts led by New York-based Jeffrey Currie said in a report today. Energy, with a 73.5 percent weighting, will probably fall 1 percent, while precious metals slide 15 percent and agriculture declines 7 percent, they said. Industrial metals may increase 2 percent………………………………………..Full Article: Source


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