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Goldman Bullish on Commodities Amid Mining’s Accelerating Rally

Posted on 23 November 2016

Commodities are back in favor, boosting oil producers and miners after their annus horribilis of 2015. The Bloomberg Commodity Index is set for its biggest three-day advance since June, led by gains in oil and industrial metals. That’s pushed shares of mining companies close to their highest this year, with Anglo American Plc and Glencore Plc gaining almost 5 percent on Tuesday. Energy companies also rose, with Tullow Oil Plc up 2.2 percent.
Goldman Sachs Group Inc. said investors should bet on higher prices in the next year as manufacturing picks up around the world, the first time the bank has recommended an overweight position for the asset class in more than four years………………………………………Full Article: Source


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