| Goldman Sachs is returning to an “overweight” recommendation for commodities. “In late March, we downgraded our commodity recommendation due to renewed growth and European sovereign-debt concerns,” Goldman says.
“As these concerns grew, they pushed commodity prices down more than other asset classes to levels below last year’s lows and those justified by fundamentals. Although the macroeconomic backdrop still remains uncertain, particularly in Europe, we believe that the price risks are now shifting more to the upside and are therefore moving back to a near-term overweight recommendation.”..............................................Full Article: Source
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