Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil Goldman Sachs remains “selectively bullish” on commodities like copper, gold, and oil, citing solid demand growth, structural upside in industrial metals and gold, and a reduced geopolitical risk premium for oil. The bank expects total commodity returns to rise from 13% year-to-date to 18% by year-end. They forecast copper could gain 15% to $12,000 per ton and gold could increase 14% to $2,700 per ounce by the end of 2024. Brent oil prices are expected to remain between $75 and $90 per barrel, with value seen in net long oil positions. Investors can track these commodities through exchange-traded funds. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts HSBC: Why Gold Prices Continue to Break Records READ MORE Inverted Yield Curve Signals Caution, But Economic Strength Defies Predictions READ MORE China Gold Reserves Grow for 18th Straight Month READ MORE The High Cost of Returning to the Office: Survey Reveals Increased Employee Resentment and Costs READ MORE China’s Gold Market Thrives in April with Record ETF Inflows READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment