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 Gold's Winning Streak Interrupted, Prices Dip Near $2,050 Amid Strengthening Dollar READ MORE August Sees Surge in Consumer Optimism, Despite Labor Market Worries READ MORE Talent Exodus Under John Williams Sparks Concerns at New York Fed READ MORE Incrementum Monthly Gold Compass Report READ MORE Economic Confidence at Odds: Strong Indicators vs. American Pessimism READ MORE Add a Comment Cancel replyYour email address will not be published.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