Last Updated :
11 November 2009 at 15:40 IST
Goldman Sachs maintains bullish on commodities
MUMBAI (Commodity Online): The prices of crude oil, copper and corn will move upward in the coming months as surging global demand and supply would create a significant deficit, leading to a substantial price rise, Goldman Sachs said.
It said prices will be volatile but maintains a 17.5% returns forecast for the S&P GSCI Enhanced Total Returns Index in the coming 12 to 24 months.
Goldman said improving OECD data is lending support to a tighter outlook in commodity markets and China’s consumption of materials such as copper and crude oil as support to higher prices was a common theme in its report.
MCX Silver 05 July 2012
contract was trading at
Rs 55888 , up Rs. 493 . What's your view on it?
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