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.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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”.

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.

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.

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.

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.

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.

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.

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.

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.

Gold price up again as Goldman names it favourite trade

Mining News Pro - Gold price rose for the second straight Wednesday as investors weigh the economic impact of the covid-19 outbreak and its effect on commodities.

Goldman manager says virus hit may be worse than market bets

Mining News Pro - A Goldman Sachs Group asset manager who correctly predicted last year’s rally in stocks says the equity market is overly complacent about the possible damage from the coronavirus and could face more declines.

Gold hits highest since 2013 as Goldman backs bullion in crisis

Mining News Pro - Gold surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended gains to an all-time high.

Goldman says gold price to hit $1,600 next year

Mining News Pro - Goldman Sachs Group Inc. said investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal.

US appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore

Mining News Pro - A federal appeals court on Tuesday revived lawsuits by aluminum purchasers that accused Goldman Sachs, JPMorgan Chase, mining company Glencore and other companies of conspiring to drive up prices for the metal by reducing supply.

Goldman says ‘brewing’ bottleneck dims copper supply outlook

Mining News Pro - China’s “brewing” copper smelter bottleneck signals deepening supply worries for a metal market that’s already seen facing shortages this year.

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