This is what Goldman Sachs thinks about commodity prices

Thursday, November 19, 2015


Commodity prices have had a pretty lousy 2015.  A slowdown in China, which gobbled up raw materials everywhere from Australia to Chile, exacerbated a supply glut in most major commodities. And Goldman Sachs thinks the pressure is likely to persist as it noted its underweight position in commodities for the next 12 months. "We have been forecasting weak commodity returns since last fall, although the extent of this weakness has far exceeded our initial expectations," said the investment bank in a note on Thursday.


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