DAILY COMMODITY REPORT 6TH DECEMBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Goldman Sachs cuts 2013 gold price forecasts Goldman Sachs cut its 2013 gold forecasts and said golds current price cycle will likely turn next year as a rise in real interest rates on the back of improved TRADING TIP: growth offsets any further balance sheet expansion from the Federal Reserve. Goldman cut its three, sixSell Crude oil Dec and 12-month forecasts for gold prices - currently nearBelow 4805 $1,700 an ounce - to $1,825 an ounce, $1,805 an ounce and $1,800 an ounce respectively. It also introduced aTGTS-4780/4750 2014 forecast of $1,750 an ounce, suggesting price growth could tail off.SL-4825 Comex Copper Edges Higher on China Stimulus Hopes.Sell Lead Dec Copper ticked higher, buoyed by hopes that Chinas new leadership would take steps to boost the economyBelow 120.90 of the worlds largest copper consumer. The most actively traded copper contract, for March delivery,TGTS-120.40/119.80 recently traded up 1.05 cents, or 0.3%, at $3.666 a SL-121.50 pound on the Comex division of the New York Mercantile Exchange.WWW.EPICRESEARCH.CO +91 9752199966
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