Goldman Sachs Ends Bet on Higher Zinc Prices

Bloomberg reported that Goldman Sachs Group Inc. (NYSE:GS) concluded its bet on higher zinc prices for 2012 December futures contract after zinc prices gained.

As quoted in the market news:

The 18 percent increase in prices on the London Metal Exchange since the buy recommendation on Dec. 19 was largely because of improved economic data from Europe, China and the U.S., Max Layton, an analyst at Goldman, wrote in a report dated today.

Click here to read the full Bloomberg report.