Economics
Goldman Sachs Says You Must Own Commodities in These Tense Times
- Bank reiterates its overweight recommendation on raw materials
- Geopolitical conflicts seen raising risk of supply disruptions
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The case for owning commodities has rarely been stronger, according to Goldman Sachs Group Inc.
With raw materials rallying on escalating political tensions across the globe and economic growth remaining strong, the bank’s analysts including Jeffrey Currie doubled down on their “overweight” recommendation. They reiterated a view that commodities will yield returns of 10 percent over the next 12 months, according to an April 12 note.