Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks, reported Reuters.
The bank has forecast returns of 21 percent on commodities over a 12-month horizon on the oil-heavy S&P GSCI Commodity Index, led by returns of about 31 percent from energy and 17.8 percent from industrial metals.