Copper faces long bear market: Goldman Copper is headed for a seven-year-long bear market cycle, Goldman Sachs said in a report Wednesday, slashing its medium to long-term.
| By: Aza Wee Sile
METALS-London copper recovers from veer towards six-year lows MELBOURNE, July 23- London copper rose on Thursday as shorts rushed to cover positions in a volatile session, after a bearish call by Goldman Sachs had earlier sent the metal to its lowest in a fortnight and veering towards six-year lows. Goldman Sachs substantially cuts its price outlook for copper on the basis of forecasts for slower Chinese demand growth and...
| By: Melanie Burton
METALS-London copper topples towards six year low as GS cuts outlook MELBOURNE, July 23- London copper slid towards six-year lows on Thursday after Goldman Sachs issued a bearish call for copper prices based on lower demand for China and better than anticipated supply. *Shanghai Futures Exchange copper dropped 2.1 percent to 38,820 yuan a tonne. *Goldman Sachs on Wednesday substantially lowered its outlook for copper prices on...