28.06.2012 - Credit Suisse: Commodities outlook drab, investors sidelining cash
Credit Suisse commodities analysts said Wednesday they’re planning to update their price forecasts for closely-watched gold, oil, copper and other raw materials in the next few weeks, but they’re already signaling that any big run-up after a recent sell-off appears unlikely. Meeting with reporters in Credit Suisse’s New York City office, Rick Deverell, global head of commodities research, said their cautious outlook boils down to the approximately 3.5% global economic growth rate expected for the second half of 2012. Such a tepid expansion rate “normally means flattish commodity prices,” Deverell said...............................................Full Article: Source
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