Goldman’s Commodity Outlook Buckles Under Deflation Threat
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Cheaper energy and the U.S. dollar’s advance are darkening the outlook for commodities, according to Goldman Sachs Group Inc.
The U.S. bank cut its forecasts for metals and mined raw materials including copper, gold and iron ore over the next three years by about 10 to 20 percent as production costs shrink, according to an e-mailed report Friday.