Goldman Sachs Says There’s a Structural Bull Market in Commodities

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By Reuters Staff2 Min Read­March 2 (Reuters) — Gold­man Sachs Com­modi­ties Research has raised its fore­cast for returns on com­modi­ties to 15.5% over the next 12 months and said they remained the best infla­tion hedge.The Wall Street bank also fore­cast returns of 6.2% and 15.1% on com­modi­ties over three- and six-months respec­tive­ly on the S&P/GSCI Gold­man Sachs Com­mod­i­ty Index (GSCI) in a note dat­ed Monday.Spot-priced com­modi­ties have ben­e­fit­ed from high­er-than-antic­i­pat­ed eco­nom­ic activ­i­ty as it has cre­at­ed sharp deficits regard­less of the growth rate, Gold­man said.In Jan­u­ary, the bank had fore­cast returns of 5.8%, 9.5% and 10.2% on com­modi­ties over three‑, six- and 12 …

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