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Goldman Tells Investors: No Need to Fear Commodities Anymore

  • Bank sees $82.50 for oil ahead, copper at $8,000 a ton
  • Commodities up 7 percent this year while equities have dipped
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Sawiris Expects Gold Prices to Rally to $1,800 per Ounce

It’s safe to invest in commodities again, Goldman Sachs Group Inc. is assuring investors.

Despite a decade of lackluster returns and bubbling trade tensions, the “strategic case" for buying commodities from crude to copper has “rarely been stronger," analysts for the New York-based bank said in a note Tuesday. Growing global demand compounded by shrinking inventories and a years-long underinvestment in new supplies is clearing the way for sustained high prices, the analysts wrote.