14.12.2015 - Not all positive, but commodities like Gold, wheat may not be a heartbreaker in 2016: Survey
After the worst commodity collapse in a generation, there may be some glimmers of hope. Gold, wheat and natural gas probably will climb in 2016, according to a Bloomberg survey of 108 traders, analysts, economists and strategists across Asia, Europe and the Americas. It won't all be positive. For oil, mired in the longest slump since 1998, bearish respondents said prices may drop below this week's six-year low, while the survey showed overwhelming pessimism for copper. The 2015 meltdown sent almost every commodity lower, shrinking profits for companies including South African mine owner Anglo American and energy producer Royal Dutch Shell. The world got stuck with raw-material surpluses after years of expansion met a slowing economy in China. ..............................................Full Article: Source
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