| While copper prices have rallied in four of the past five weeks on the prospect of improved industrial demand in China, hedge funds are skeptical that recovery will last. The funds and other large speculators have bet on declines for the metal since October. Last week, the net-short position in copper holdings grew for the first time since mid-January, even as the metal advanced.
Doubts over a sustained rebound echo the outlook of Goldman Sachs Group Inc., where analysts predict that the metal will drop at least 10 percent by the end of the year...............................................Full Article: Source
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