Goldman Says Commodities Will Gain 43% in 2023 as Supply Shortages Bite
- Bank forecasts raw materials will be best-performing assets
- High prices are yet to lead to more supply, say analysts
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Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs Group Inc.
The Wall Street bank said that while the first quarter may be “bumpy” due to economic weakness in the US and China, scarcities of raw materials from oil to natural gas and metals will boost prices after that.