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Goldman bets on bulk commodities

Company News 11:19AM Dec 14, 2017 Source:SMM

SHANGHAI, Dec.14 (SMM)-The investment returns in bulk commodities in 2018 is likely to reach 10% due to stronger demand growth, Goldman Sachs said in a report earlier this week. 

It added that energy assets are even expected to achieve a 15% return driven by oil prices.

On metals, Goldman is most bullish on copper while bearish on aluminium as supply of the latter would be more than sufficient. Overal investment returns for industrial metals are likely to be flat, the report noted.   

 


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Key Words:  Goldman   price forecast   copper   aluminium