Goldman Sachs cuts commodities index forecast over the next 12 months
Bloomberg with the headline ... just the headline at this stage
I'll get more and be back!
You'd think a headline like this would weigh on the AUD
More:
- Goldman sees oil prices weakening in Q3 to lows seen in Q1
- 3-month oil price forecast is at $58/bbl
From a GS client note on May 22
More:
- "Bearish themes" of deflationary pressure from oil prices, divergence of U.S. economic growth/U.S. dollar and deleveraging and rebalancing in emerging markets to reassert themselves
- As bearish long-term macro themes return, GS sees downside pressure on commodity prices re-emerging
- Most bearish on copper, which is most exposed
