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Goldman expects sanctions to keep aluminium prices high, sees oil hitting $72

Reuters 

(Reuters) - Aluminium prices are expected to remain high and volatile until June because of sanctions on Russia's Rusal, while tensions in the Middle East are likely to push oil prices to $72 a barrel, Goldman Sachs said on Thursday.The bank reinforced its "overweight" view on commodities, with a forecast return of 10 percent over the next 12 months."With low cross-asset correlations, increasing inflationary risks, a positive carry and the potential for oil supply disruptions in the Middle East, the strategic case for owning commodities has rarely been stronger," analysts at the investment ...

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First Published: Fri, April 13 2018. 11:50 IST
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