Goldman's Most Bullish on Commodities Since Supercycle Ended
- Copper seen hitting highest since 2013 as global demand grows
- Demand will create virtuous circle that reinforces economies
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Goldman Sachs Group Inc. is more bullish on commodities than any time since the end of the supercycle in 2008.
As economies around the world pick up, factories are humming, eating into stockpiles of raw materials and driving demand at miners and oil producers already facing limits on output. Copper, iron ore and crude prices will extend gains this year, Goldman analysts Jeffrey Currie and Michael Hinds said.