Goldman Sachs Predicts 29% Gain in Commodities
Jun 11, 2012
Goldman Sachs has called for a 29% gain in the S&P GSCI Enhanced Commodities Index over the next 12 months. The index is heavy on industrial metals and energy.
As the EuroZone debt crisis fades and the US and China recovery and their economies start to grow, Goldman Sachs predicts a 41% gain in energy investments, 23% gain in industrial metals, and 18% gain in precious metals.
The S&P GSCI Enhanced Commodities Index has dropped 13% in May 2012, and dropped 9% in 2012.
Goldman Sachs expects the best commodities to be crude oil, natural gas, copper, aluminum, and gold. As Chinese stockpiles of copper decline and as world economies demand more crude oil, the bank predicts these 2 commodities to perform the best.
