Goldman Bullish on Commodities, Seeing Years-Long Supercycle

Record dislocations, cash in system add to sentiment: Currie
Oil market has potential to get tight over next 3-6 months

WATCH: Goldman Sachs’s Jeff Currie discusses his outlook for commodities in 2022.Source: Bloomberg

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By Brian Wingfield and Francine Lacqua

January 6, 2022 at 10:59 AM UTC

This article is for subscribers only.

Goldman Sachs Group Inc. is “extremely bullish” on commodities, amid a supercycle that has the potential to last for a decade, according to Jeff Currie, the bank’s global head of commodities research.

The new year has started against a backdrop that includes record dislocations in energy, metals and agriculture, and significant amounts of money in the system, Currie said in a Bloomberg Television interview. In addition, investment positions in commodities are low, he added.