Commodities analysts at Goldman Sachs raised their outlook for base metals prices on Monday with currencies as a tailwind, but lowered their gold projection and offered a mixed outlook for Australia-based metals producers as the commodities cycle peaks.
The upward revisions included prices for iron ore, hard coking coal, oil & base metals (Aluminum, Cu, Zinc, Pb & Nickel) on 3- 6- and 12-month basis. The Goldman analysts Craig Sainsbury, Meredith Schwarz and Ken Lek see strength in the Australian dollar and U.S. dollar...............................................Full Article: Source
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