© Reuters. An worker takes granules of 99.99 % pure gold on the Krastsvetmet non-ferrous metals plant, one of many world’s largest producers within the treasured metals business, within the Siberian metropolis of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin
(Reuters) – Copper and gold are anticipated to see the most important instant worth enhance within the commodities sector from potential U.S. Federal Reserve rate of interest cuts, analysts at Goldman Sachs stated.
“The immediate price boost from a Fed driven 100 basis point decline in U.S. 2-year rates is the largest for metals, especially (6%), and then gold (3%), followed by oil (3%),” Goldman Sachs stated in a Feb. 20 word.