BLBG:Goldman Sachs Forecasts 18.2% Return on Commodities in 12 Months
Goldman Sachs Group Inc. forecasts an 18.2 percent return on commodities in the next 12 months, with energy and industrial metals leading the way.
The Standard & Poor’s GSCI Enhanced Commodity Index gain of 18.2 percent will compare with 26.5 percent in energy, 10 percent in industrial metals and 6 percent in precious metals, Jeffrey Currie, an analyst at Goldman Sachs, said in a report dated Sept. 21. Agriculture will be down 5 percent over the same period and livestock up 4.5 percent, according to the report. The Federal Reserve’s third round of quantitative easing will help boost copper in the 2013 first half, he said.
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
