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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Goldman predicts significant losses for gold, iron ore in 2014

Posted on 21 November 2013

Iron ore, gold, soybeans and copper will probably drop at least 15 percent next year as commodities face increased downside risks even as economic growth in the U.S. accelerates, according to Goldman Sachs Group Inc.
The risks are strongest for iron ore, and follow increases in supplies, analysts including Jeffrey Currie wrote in a report that identified the New York-based bank’s top 10 market themes for the coming year. The price pressures will mostly become visible later in 2014, the analysts wrote…………………………………Full Article: Source


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