Goldman Sachs Forecasts 18.2% Return on Commodities in Year
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Goldman Sachs Group Inc. forecasts an 18.2 percent return from commodities in the next 12 months, with energy and industrial metals leading the way.
The Standard & Poor’s GSCI Enhanced Commodity Index gain will include 26.5 percent for energy, 10 percent for industrial metals and 6 percent for precious metals, Jeffrey Currie, an analyst at Goldman Sachs, said in a Sept. 21 report. In three months, the gauge will be up 8.6 percent, beating equities, 10-year government and five-year corporate bonds, cash and the euro and yen against the dollar, according to the report.