The Traderszone Network

Published in TZ Latest News 21 April, 2016 by The TZ Newswire Staff

Goldman Sachs – Iron Ore is going back to $35

Bloomberg  with a report on a Goldman Sachs analyst on iron ore
– “We think this market will go back to $35 during the fourth quarter”
– “Our expectation is the oversupply in the iron ore market will return”
(The $35 forecast is for average prices in the final three months, and repeats a figure given by the bank in recent reports)