Goldman Predicts Biggest 12-Month Commodity Returns in Energy
This article is for subscribers only.
The best returns in commodities over the next 12 months will probably be in energy and the biggest losses in agriculture, Goldman Sachs Group Inc. said.
The bank is forecasting a 27 percent advance in energy over 12 months, a 17 percent jump in precious metals and a 15 percent gain in industrial metals, analysts led by London-based Jeffrey Currie said in a report today. Agriculture will decline 10 percent, the team forecast.