Goldman Bullish on Commodities Amid Mining’s Accelerating Rally
- Metals lead advance; commodity stocks top gainers in Europe
- Goldman makes first overweight recommendation in four years
Kettle: Fundamentals for Copper Haven't Changed
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Commodities are back in favor, boosting oil producers and miners after their annus horribilis of 2015.
The Bloomberg Commodity Index is set for its biggest three-day advance since June, led by gains in oil and industrial metals. That’s pushed shares of mining companies close to their highest this year, with Anglo American Plc and Glencore Plc gaining almost 5 percent on Tuesday. Energy companies also rose, with Tullow Oil Plc up 2.2 percent.