bullish
The Commodity Report #82
SUMMARY
- Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs.
- The Wall Street bank said that while the first quarter may be “bumpy” due to economic weakness in the US and China, scarcities of raw materials from oil to natural gas and metals will boost prices after that.
- The bank forecasts that Brent crude will climb to $105 a barrel in the final quarter of 2023, up from $82 today.
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