AUD Bullish: Goldman Sachs ups iron-ore price forecast
Analysts at Goldman Sachs revised higher their iron-ore price forecasts for the 3, 6, and 12-month horizons.
Key Quotes:
"Three-month forecast raised to $85/ton vs. $80 previous.
Six-month forecast raised to $80/ton vs. $75 previous.
The twelve-month forecast now seen at $70/ton vs. $65 previous.
The upward revision is mainly attributed to the lost production due to Vale's troubles in Brazil.”
AUD Bullish: Goldman Sachs ups iron-ore price forecastNEWS | Apr...
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