Goldman Sachs: Metals forming a base

Analysts at Goldman Sachs are noting that metals prices appear to be forming up a bottom from which to push higher.
Key highlights
GS cites China policy easing as a supporter of economic activity despite weakening data.
Policies being put in place to counteract strung-out data points.
Downside impact of metals demand from tariffs is being built into the current price declines.
Downside headwinds from a buoyed USD are beginning to ease off.
Author

Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

















