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Goldman Sachs slashes base metal price forecasts, ups gold

Goldman Sachs Group Inc on Friday slashed its 2015 price forecasts for several base metals including copper and aluminium while raising its estimate for gold by $62 per ounce.   “The primary reason for the changes to our forecasts is cost deflation – driven ...

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Iron ore extends rout to hit fresh 2009 low; Goldman sees end of Iron Age

Spot iron ore prices fell to hit a fresh 5-year low on Wednesday as the market’s deep supply glut continued to dent buying appetite, prompting Goldman Sachs to warn the commodity has entered a new phase.   “In our view, ...

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