Bloomberg reported that Goldman Sachs Group Inc. (NYSE:GS) sees nickel and palladium performing better than iron ore and soybeans.
As quoted in the market news:
‘While cyclical recovery tends to see rising commodity demand, prices will likely largely be determined by more structural supply factors,’ the Goldman Sachs analysts wrote. ‘Accordingly, not all boats are expected rise with the tide created by continued improvement in global macroeconomic data.’
Commodities as measured by the enhanced index added 2.3 percent this year as global equities increased 5.5 percent and the Bloomberg U.S. Treasury Bond Index rose 3.5 percent. Shortages are seen nickel, zinc, aluminum and palladium, while supplies of most other raw materials includingcopper, iron ore, oil and soybeans, are expected outpace demand, Goldman says.
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