Commodities tipped to enter consolidation phase

17 Dec 2009

After what has been a nine-month rally, gold and oil prices are expected to trade in a narrow range over the next few months, while copper is forecast to fall 15%, according to hedge fund manager David Bensimon.

Gold and oil prices could trade in a narrow range for the next two months and copper is set to fall by 15%, according to hedge fund manager David Bensimon.

Commodities have had a nine-month rally since March and should enter a consolidation phase. “It’s perfectly normal that ...

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