Goldman Sachs Predicts Commodities Surge Amid Central Banks Rate Cuts

Goldman Sachs Group Inc. predicts that commodities will advance this year due to central banks in the US and Europe reducing interest rates. This move is expected to support industrial and consumer demand. Analysts at the firm anticipate a 15% return on raw materials in 2024, with factors such as decreased borrowing costs, manufacturing recovery, and ongoing geopolitical risks contributing to this projection. Specific commodities like copper, aluminum, gold, and oil products are expected to experience an uptick, although the bank highlights the importance of selective investment, indicating that gains may not be universal.