Analysts at Goldman Sachs are noting that metals prices appear to be forming up a bottom from which to push higher.
Key highlights
GS cites China policy easing as a supporter of economic activity despite weakening data.
Policies being put in place to counteract strung-out data points.
Downside impact of metals demand from tariffs is being built into the current price declines.
Downside headwinds from a buoyed USD are beginning to ease off.
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