Goldman Sachs say energy and gold potential effective hedges against geopolitical risks ...Middle East

Goldman Sachs has forecast a 21% return on commodities over a 12-month horizonS&P GSCI Commodity Indexlooking for +31% in energy and +17.8% in industrial metalsCiting: improving cyclical backdrop significant carry returns from structural tailwindssee hedging value against negative supply shocksOPEC-driven declines in oil inventories Federal Reserve and European Central Bank have finished raising interest rates, likely to ease pressure on GDP growth and support commodities demandsharp tightening in copper and aluminium stocks into the middle of the decade, driving up prices from the second half of 2024"Energy and gold can also be an effective hedge against negative supply shocks, from geopoli

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