10.07.2014 - Goldman Sachs calls copper prices lower
The commodity space saw none of the selling which prevailed in equities on Tuesday. Three-month copper futures on the LME were little changed, changing hands at $7,130/metric tonne by the closing bell. Of interest, however, Goldman Sachs forecast that copper prices will grind lower over the coming six to twelve months as demand softens in China, particularly in the country’s housing sector, from which half of the demand for the industrial metal originates...............................................Full Article: Source
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