{"id":115289,"date":"2020-11-18T23:24:55","date_gmt":"2020-11-18T20:24:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-says-commodities-poised-for-bull-market\/"},"modified":"2020-11-18T23:24:55","modified_gmt":"2020-11-18T20:24:55","slug":"goldman-sachs-says-commodities-poised-for-bull-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-says-commodities-poised-for-bull-market\/","title":{"rendered":"#Goldman Sachs says commodities poised for bull market"},"content":{"rendered":"

“#Goldman Sachs says commodities poised for bull market<\/strong>”
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\n Goldman Sachs on Wednesday maintained its \u201coverweight\u201d recommendations for commodities in 2021, reasoning the sector was possibly the best hedge against likely inflation and poised for another bull market.<\/p>\n

The bank forecast a return of about 27 percent over a 12-month period on the S&P\/Goldman Sachs Commodity Index, with a 19.2 percent return for precious metals, 40.1 percent for energy, 3 percent for industrial metals and a negative 1 percent return on agriculture.<\/p>\n

The bank maintained its 3-, 6- and 12-month targets for gold and silver at $2,300 and $30 an ounce respectively, as it believes near-term inflation has further room to run, while an increase in solar installations supports silver demand.<\/p>\n

\u201cIn 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,\u201d Goldman Sachs said in a note.<\/p>\n

The bank said base metals and agriculture had more near-term upside than oil on recovering demand from China.<\/p>\n

Last week, Goldman cut its 2021 Brent crude price forecast but said a surge in COVID-19 cases in Europe and the United States only represented a \u201cspeed bump\u201d before a potential vaccine and continued supply cuts by top producers tightened market fundamentals.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Goldman Sachs says commodities poised for bull market” Goldman Sachs on Wednesday maintained its \u201coverweight\u201d recommendations for commodities in 2021, reasoning the sector was possibly the best hedge against likely inflation and poised for another bull market. The bank forecast a return of about 27 percent over a 12-month period on the S&P\/Goldman Sachs Commodity…<\/p>\n","protected":false},"author":1,"featured_media":115290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/11\/goldman-bullish-on-commodities-e1605730707180.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[80418,80594,1545,80595,70790],"class_list":["post-115289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-18-20","tag-commodities","tag-coronavirus","tag-forecast","tag-goldman-sachs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=115289"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/115290"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=115289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=115289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=115289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}