fxs_header_sponsor_anchor

News

Commodities to rally 13.5% in the next six months – Goldman Sachs

Analysts at Goldman Sachs remain upbeat on the outlook for commodities, citing promising next six months for copper and oil.

Key quotes

“Oil is seen rising to $80/bbl, global consumption will surge 5.2m b/d over the next six months, which is 50% larger than the next biggest increase over that timeframe since 2000 ..”

"The magnitude of the coming change in the volume of demand -- a change which supply cannot match -- must not be understated."

“Copper to reach $11,000/ton.”

“Commodity markets have looked through the sharp rise in Covid-19 cases in India.”

“Expect greater mobility, aided by vaccines, a seasonal upswing in transportation, manufacturing and construction, beginning now and accelerating into June.”

“The pace of vaccination accelerates in Europe; increased travel demand will result in easing of international travel curbs in May. “

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.