Goldman says gold may dip if Fed opts for quarter-point cut
Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.
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Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
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Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
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Goldman temporarily suspends zinc coverage
Goldman Sachs has suspended covering zinc markets “for the moment”, citing “restricted capacity” following the departure of the sector lead earlier this year.
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Goldman cuts copper price forecast by $5,000 as bullish bet closed
Goldman Sachs Group Inc. exited a long-term bullish position on copper and slashed its price forecast for 2025 by almost $5,000, citing shrinking demand in China.
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Copper price touches $10,000 again as Goldman sees ‘stockout’ risk
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
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Goldman veteran Jeff Currie remains bullish on commodities this year
Mining News Pro - Jeff Currie, who spearheaded commodities research at Goldman Sachs Group Inc. for almost three decades, remains bullish on the sector for this year.
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Aluminum price climbs as Goldman sees larger supply deficit
Mining News Pro - Aluminum steadied, bucking a broader slide among industrial metals, with traders focusing on a likely shortfall in supply of the metal next year amid constraints on Chinese supply.
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Goldman sees support for global commodity prices from mid-2023
Mining News Pro - Prices of commodities from oil to metals have been pummeled by a strong US dollar this year as the Federal Reserves hiked interest rates aggressively to curb inflation.
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Goldman analysts say markets yet to grasp full impact of Inflation Reduction Act
Mining News Pro - ESG investors are missing an array of opportunities created by President Joe Biden’s climate bill, according to analysts at Goldman Sachs Group Inc.
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Goldman warns China’s property crisis will sink iron ore price
Mining News Pro - The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs Group Inc.
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Goldman warns China’s property crisis will sink iron ore price
Mining News Pro - The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs Group Inc.
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Visit: 483
Goldman goes cold on copper price
Mining News Pro - The copper price has lost one of its most influential cheerleaders, after Goldman Sachs chopped its near-term price forecasts in anticipation of a sharp slump in consumer spending and industrial activity as Europe’s energy crisis deepens.
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Commodities face recession test even as Goldman stays bullish
Mining News Pro - Commodities are hitting powerful headwinds after a first-half dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Below, What to Watch looks at what the second half holds for raw materials from natural gas and crude to grains, gold, iron ore, and lithium.
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Wealth shock delays gold bull market as Goldman revises targets
Mining News Pro - Gold has been hit by a large “wealth shock” on the back of a weaker yuan following the economic impact of the lockdowns in China, the world’s largest consumer, according to Goldman Sachs Group Inc., which revised its price targets. Still, the worst may be over, it added.
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Goldman sparks bear-bull battle in the lithium market
Mining News Pro - Is the white-hot lithium market about to be dowsed in a cold cyclical shower of oversupply?
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Here’s what Goldman got wrong about lithium prices
Mining News Pro - At the end of May, Goldman Sachs rattled lithium stocks after the investment bank declared the battery metals bull market “over for now”.
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Goldman sees new all-time high for copper price by mid-year
Mining News Pro - After a brief but glorious spike above $5 a pound, or $11,000 a tonne one month ago, copper prices have retreated, with New York futures trading either side of the $4.70 a pound ($10,362 a tonne) mark.
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Goldman sees copper price “breakout”, risk of “extreme scarcity episode”
Mining News Pro - After a 26% rise in 2021, copper prices have struggled for direction this year. On Thursday, March futures made another attempt to find higher ground, jumping to $4.7085 a pound ($10,380 a tonne), only to give back those gains by the end of the day.
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The commodity gauges that underpin Goldman’s uber-bullish view
Mining News Pro - Goldman Sachs Group Inc.’s commodities guru says he has never seen markets this bullish before. These are the measures that explain what he was talking about.
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Goldman commodity veteran says he’s never seen a market like it
Mining News Pro - Jeff Currie, the closely-followed head of commodities research at Goldman Sachs Group Inc., says he’s never seen commodity markets pricing in the shortages they are right now.
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Goldman Sachs says bitcoin will compete with gold as “store of value”
Mining News Pro - Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note to clients.
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Goldman recapitulates $5 a pound copper price by end of 2021
Mining News Pro - In a new research note, Goldman Sachs says the copper price is “poised for the next leg higher” as short term headwinds fade and fundamentals point to a significant demand boost further out.
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Copper tops $8 000 as Goldman points to commodities super-cycle
Mining News Pro - Copper topped $8 000 a ton for the first time in more than seven years, with Goldman Sachs Group and BlackRock pointing to the start of a new long-term bull market as supply lags an expected demand boom.
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Gold price to hit $2,300 next year on inflation risks, Goldman says
Mining News Pro - Gold prices are expected to break out of the current narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation, analysts at Goldman Sachs say.
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