Goldman backs commodities as trade war fury now met with shrugs

Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week the trade war was escalated and markets shrugged it off with copper rallying,” analysts including Jeffrey Currie said in a note received on Friday and dated Sept. 20. “The reason is the market has already factored in an extended standoff between the US and China.”