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Goldman Sachs says its bullish forecast on commodities was wrong. Still expects higher!
Goldman Sachs commodity analysts say its forecasts for major rises this year has turned out wrong. we were wrong on price expectationsKudos to these folks for acknowledging this. They say:“Prices continue to move against our forecasts,” cite an unprecedented clear-out of stockpiles and positioning“What is the explanation? It is likely the largest commodity destocking the complex has ever witnessed.”And, looking ahead, still see higher prices:“Bulls, like ourselves, find comfort in the fact that...
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Posted: May 24 2023, 22:41
Author Name: forexlive
Views: 081482