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What is the outlook for commodities?

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Anglo American's CEO Mark Cutifani.
Anglo American's CEO Mark Cutifani.

A recent conference convened by Goldman Sachs, the US bank, polled delegates on which metals they expected to recover the best in 2016.

About 27% of delegates expected gold to be the best-performing commodity in 2016 with copper coming a close second at 20% of delegates.

Embarrassingly, this is the contrary view to Goldman Sachs which believes copper has the best prospects.

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