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.
