FXstreet.com (Barcelona) - The Goldman Sachs Commodity Strategy team note that economic improvements in the US and China indicate some commodity strength ahead.
The team state that they are expecting a modest pick up in US and Chinese economic activity and together with continued strong growth in Chinese construction completions, will be bullish for copper prices from current levels. Looking with a 6-9 month view, they believe that current copper prices are generally present value for money for customers over this time frame and it is a good opportunity to get invested.
The team state that they are expecting a modest pick up in US and Chinese economic activity and together with continued strong growth in Chinese construction completions, will be bullish for copper prices from current levels. Looking with a 6-9 month view, they believe that current copper prices are generally present value for money for customers over this time frame and it is a good opportunity to get invested.
