News Snapshot:
- A + A BENGALURU (May 28): Goldman Sachs has said it no longer sees China as the center of commodities pricing, reasoning the pace of demand recovery in developed markets suggests 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 soybeans remains orientated towards incremental tightness...
