SINGAPORE: Goldman Sachs Group Inc is turning cautious on commodities after months of recommending them to investors.
Raw materials are no longer significantly undervalued and further price increases would require data showing better demand and tighter supply, analysts including Jeffrey Currie wrote in a March 4 report.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!