News Formal

Goldman Sachs says commodities poised for bull market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Goldman Sachs on Wednesday maintained its 'overweight' recommendations for commodities in 2021, reasoning the sector was possibly the best hedge against likely inflation and poised for another bull market.

FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo

The bank forecast a return of about 27% over a 12-month period on the S&P/Goldman Sachs Commodity Index , with a 19.2% return for precious metals, 40.1% for energy, 3% for industrial metals and a negative 1% return on agriculture. “In metals, we have seen a sharp drop in maintenance capex and supply disruptions dragging into 2021. This suggests that, even if demand falters in coming weeks as winter exacerbates COVID, markets will likely continue to rebalance, barring an outright collapse in demand,” Goldman Sachs said in a note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Go Biden!

V čase nejistoty komodity idu vždy hore ! Lubos

90% of news about covid and trump

WE NEED HELP! Covid is rough rn. I’m living off about a 1/3 of what I used to make working weekly. I’m lucky enough to be back home with my dad but many aren’t. Americans are going broke without aid. PLEASE RETWEET so Congress can see! I’m only one guy but WeNeedHelp

The imminence of the coming of THE MESSIAH should make you ready all the time for the Rapture of the Church.MidweekMegaWord

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs to lay off hundreds in new round of job cuts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Goldman Sachs can lick my Golden Sack for all I care Interesting
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock options to buy before holiday shopping season: Goldman Sachs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good luck Like here please
Source: BusinessInsider - 🏆 729. / 51 Read more »