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 Stronger Jobs Data Triggers Over 2% Decline in Gold Prices READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained Expansion READ MORE Citadel Strikes Gold in Commodities: Over $4 Billion Earned in 2023 READ MORE Policy Win for Big Banks: Regulatory Relief on Loss Buffers Ahead READ MORE Add a Comment Cancel replyYour email address will not be published.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