Goldman Sachs predicts growth in primary commodities

Investing.com – Goldman Sachs’ optimism about commodities is stronger than ever.

The Wall Street company expects that the commodities index will grow by 8% over the next 12 months, and not by 5%, as predicted earlier.

In a note to customers, the company’s experts said that raw materials, led by crude oil, will show the best year in the last decade.

Goldman Sachs notes concerns about the slowdown in economic growth, and interest rates in the US are currently inappropriate, and under these conditions “demand remains stable.”

The company claims that the fundamentals of oil are “more bullish than ever”, triggered by President Trump’s decision to restore economic sanctions against Iran.