News Snapshot:
Goldman says China is no longer center of commodities pricing 2:57 AM (Reuters) – Goldman Sachs said it no longer saw China as the center of commodities pricing, reasoning the pace of demand recovery in developed markets suggested Beijing as a buyer has been crowded out by Western consumers. “The bullish commodity thesis is neither about Chinese speculators nor Chinese demand growth. It is about scarcity and the DM-led recovery,” the bank said in a note dated May 27. While commodity prices fell after Chinese warnings over onshore speculation, “the fundamental path in key commodities such as oil, copper and...
