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Goldman Lowers Commodity Return Forecast |
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Written by Chanyaporn Chanjaroen of Bloomberg.com
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Wednesday, 22 February 2012 09:27 |
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Goldman Sachs Group Inc. (GS) cut its 12- month prediction for commodity returns, while forecasting gains for crude oil and gold and keeping an “overweight” allocation in raw materials.
The bank reduced its estimate for returns to 12 percent from 15 percent after prices rallied this year, analysts led by Jeffrey Currie said in a report today. They kept their predictions for Brent and gold at $127.50 a barrel and $1,940 an ounce compared with $121.23 and $1,755.30 today.
Commodities advanced 8.5 percent this year to the highest level in six months as measured by the Standard & Poor’s GSCI index of 24 raw materials. Prices climbed as the U.S. economy strengthened and the Chinese central bank cut reserve requirements. While Morgan Stanley is also bullish on gold, it expects oil prices to decline in the first half as supply recovers and demand slows, it said in a report Feb. 20.
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Last Updated on Wednesday, 22 February 2012 02:29 |
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Comeback Kids: Corn, Oil, Tin |
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Written by Liam Pleven of The Wall Street Journal
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Thursday, 02 February 2012 09:46 |
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Commodity prices are surging again, rebounding sharply from the steep declines late last year, as buyers gain
confidence Europe’s debt problems won’t cascade out of control and destroy demand.
Copper, aluminum and other industrial metals that can serve as manufacturing barometers shot up by double digits in percentage terms in January, led by tin’s 29% gain.
Precious metals also have climbed sharply, with gold up 11% and silver 19% in 2012. And prices for vital crops are rising, with corn up 10% and wheat 15% since mid-December.
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Last Updated on Thursday, 02 February 2012 03:01 |
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Hedge-Fund Bulls Add to Commodity Bets |
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Written by Whitney McFerron of Bloomberg.com
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Monday, 30 January 2012 10:10 |
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Hedge funds increased wagers on rising commodity prices to the most in two months and the rally in raw materials accelerated as the Federal Reserve pledged to keep borrowing costs low for three more years.
Money managers raised combined bullish positions across 18 U.S. futures and options by 13 percent to 742,902 contracts in the week ended Jan. 24, Commodity Futures Trading Commission data show. The so-called net-long position in copper jumped 53 percent to the highest since August and in silver by 22 percent to the most since September. Speculators also expanded bullish bets in sugar, soybeans, cotton, gold, gasoline and crude oil.
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Last Updated on Monday, 30 January 2012 03:15 |
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Are We Already in a Recession? Commentary: We Could Be Just One Shock Away From a Double Dip |
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Written by Rex Nutting of Market Watch
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Friday, 05 August 2011 10:33 |
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The flood of bad, awful, terrible and mediocre economic news has prompted many people to ask: Has the U.S. economy fallen into another recession? Until recently, that question had been restricted to the fringes of investing discussion boards, but now even sober economists are beginning to wonder.
Investors, of course, have been selling first and asking questions later.
Renewed fears of a global or U.S. recession have sparked a large selloff in equities, oil and other commodities in recent weeks, with safe-haven assets rallying.
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Last Updated on Friday, 05 August 2011 04:45 |
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Economy in U.S. Grows Less Than Forecast |
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Written by Shobhana Chandra of Bloomberg.com
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Friday, 29 July 2011 07:50 |
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The U.S. economy grew less than forecast in the second quarter, after almost coming to a halt at the start of the year, as consumers retrenched.
Gross domestic product rose at a 1.3 percent annual rate following a 0.4 percent gain in the prior quarter that was less than previously estimated, Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.8 percent increase. Household purchases, about 70 percent of the economy, climbed 0.1 percent.
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Last Updated on Friday, 29 July 2011 01:52 |
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