Thursday, November 19, 2015

investing in gold : Goldman Sacks is expected to continue downward pressure on commodity prices


Investing  in gold: Pressure downward continuing on the prices of major commodities may continue, where Goldman Sachs expected to continue around the world over the next year, and that concerns related to a slowdown in global economic growth threatens to postpone the recovery in commodity prices, as had been revealed research note issued by the bank today that low production of big companies keep guest demand and increases the supply glut in the market.
On this basis, Joldman Sacks keeps.

Its forecast for the price of US crude barrel at 45 over the next year and Brent at $ 50 a barrel because of the high supply, as he appreciated the price of gold at levels close to 1,100 in the next three months and then 1050 dollars in the next half year and close to $ 1,000 over the next year.

As for the price of copper Bank price per ton it has been estimated at about US $ 4,800 per tonne by the end of this year and close to $ 4,500 by the end of next year, 2016, as well as the iron ore price is expected to remain near $ 44 per ton in the next year, and $ 40 in 2017.