Follow Goldman With These Commodity ETFs - Yahoo Finance

Commodities have been on a remarkable surge this year, with the Bloomberg Commodity Index, a widely viewed measure of broad commodities prices, gaining about 4% so far. Signs of economic recovery worldwide, as well as hopes of easing monetary policies in the United States and Europe, are the biggest drivers.The solid trend is likely to continue, per research firm Goldman Sachs GS, with commodities expected to return 15% by the year-end. This is especially true as borrowing costs of raw materials will decline in a lower rate environment, thereby driving the demand for raw materials. A lower interest rate environment also makes precious metals more appealing than alternative investments like bonds, as they do not pay any ...

Yahoo     Apr 08, 2024