[miningmx.com] – COMMODITIES would trail other asset classes such as equities for the first three months of 2015, despite heavy liquidations in copper and oil, said Bloomberg News which cited a report by Goldman Sachs.
However, the bank said that a recovery in oil would trigger a broader improvement for commodities in the remainder of the year. Commodities would return 10% for 2015, it said.
“Despite the large declines in commodity prices, we see risks as still skewed to the downside over the near term,’ Goldman strategists and analysts including Jeffrey Currie, Christian Mueller-Glissmann and Peter Oppenheimer wrote in the research report.
“Lower oil prices are also driving cost deflation across the broader commodity complex,’ they said.
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