15.11.2016 - Metals rally overprices impact of Trumpís infrastructure plan: Goldman Sachs
The sharp rally in metals and bulk commodities was "too much too fast," because the impact of Donald Trump's infrastructure plan on global demand was tiny compared to that of China, Goldman Sachs analysts cautioned in a report. In his victory speech on Wednesday, Trump proposed a "$1 trillion over a 10-year period" infrastructure stimulus plan, sending iron ore prices up about 5 percent to around $74 a metric ton soon after. Iron ore traded around $80 a ton on Monday, compared to all-time lows around $38 a ton hit 11 months ago............................................Full Article: Source
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