Goldman Sachs Expects Commodity Prices to Rally ...Middle East

Economy by : (OILPRICE) -
Commodity demand will increase this year driven by interest rate cuts by central banks. This is according to Goldman Sachs, which sees potential commodity returns as high as 15%. The investment bank’s analysts said in a note that lower interest rates will help the recovery of the manufacturing industries and stimulate consumer demand, while geopolitical risks continue. The analysts named crude oil along with aluminum, copper, and gold, as some of the commodities whose prices could increase substantially this year thanks to a changed economic…

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