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 Top Financial CEOs Caution Against Complacency in Face of Global Threats READ MORE ZeroHedge: Speculative Froth Departing Gold as China Tightens Trading Conditions READ MORE Expect Continued High Interest Rates as Fed Seeks More Progress on Inflation READ MORE Major Breakout & New Bull Market Confirmed READ MORE Inflation Woes from Pandemic Keep Fed's Rate Cuts on Hold READ MORE Add a Comment Cancel replyYour email address will not be published.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