Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Goldman Ends Bet on Higher Copper Prices for June 2012

Don't Miss Out —
Follow us on:

Jan. 31 (Bloomberg) -- Goldman Sachs Group Inc. ended its bet on higher copper prices for June 2012.

The bet was opened at $7,274 a metric on Dec. 19, for a profit of $1,161 a ton, Max Layton, an analyst at Goldman in London, wrote in a report dated today. The metal is above Goldman’s three-month forecast and “there is little evidence of any tightening in the copper supply-demand balance over the past two months,” he said. Goldman is still betting on higher gold, brent oil and natural gas prices, according to the report.

Link to Company News:{GS US <Equity> CN <GO>}

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.