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22 FEB 2024 Articles
Gold prices are forecast to rise 6% in the next 12 months
Gold prices are poised to rise as central banks purchase the precious metal and as strong retail demand in emerging markets bolsters prices, according to Goldman Sachs Research. The yellow metal is forecast to climb about 6% in the next 12 months to $2,175 a troy ounce.
TOPIC: Commodities
08 JAN 2024 Articles
Oil prices may be soft in 2024 amid surprisingly ample supply
While demand for crude oil held up over the past year, the growth in oil supply has been surprisingly robust. The result has been softer oil prices, and that phenomena may continue in 2024, says Sarah Kiernan, head of Americas Commodities Sales in Global Banking & Markets at Goldman Sachs.
TOPIC: Commodities
29 NOV 2023 Articles
Oil prices are forecast to trade between $70 and $100 a barrel in 2024
The price of a barrel of oil is likely to trade between $70 and $100 for most of 2024, according to Asset & Wealth Management Investment Strategy Group (ISG) at Goldman Sachs.
TOPICS: Commodities | Outlooks
13 OCT 2023 Articles
How Saudi Arabia is investing to transform its economy
Saudi Arabia’s focus on diversifying its economy beyond oil is showing results, according to Goldman Sachs Research.
TOPIC: Commodities
13 SEP 2023 Articles
Resource realism: The geopolitics of critical mineral supply chains
Critical minerals make the modern digital economy work, but increased geopolitical competition means nations and companies will need to adopt new approaches to build more diverse and resilient supply chains of these vital materials.
TOPIC: Commodities
28 JUL 2023 Articles
Clean energy investment is supercharging demand for green metals like copper
The surge in global investment into clean technologies is bolstering demand for the commodities needed to build electric vehicles, renewable power tech and energy storage. Green metals – aluminum, copper, nickel, lithium and cobalt – are poised to benefit from the trend throughout the decade and likely beyond, according to Goldman Sachs Research.
TOPICS: Commodities | Infographics
27 JAN 2023
Commodities: An Underinvested Supercycle
Jeff Currie, global head of commodities research, explains why commodity markets will be shaped by underinvestment in 2023.
TOPICS: Commodities | Outlooks
24 JAN 2023 Goldman Sachs Exchanges
As China Reopens, What’s Ahead for Commodities in 2023?
Commodities were the best-performing asset class in 2022 but have recently taken a hit as recession fears loom. So what's in store for them in 2023? In this episode of Exchanges at Goldman Sachs, Jeff Currie, global head of commodities research, explains why commodities are poised to outperform.
TOPICS: China | Commodities
15 DEC 2022 Goldman Sachs Research
2023 Commodity Outlook: An Underinvested Supercycle
Just as commodity markets have been dominated by the dollar in 2022, Goldman Sachs Commodities analysts expect them to be shaped by underinvestment in 2023.
TOPICS: Commodities | Outlooks
01 AUG 2022 Top of Mind
Food, Fuel, and the Cost-of-Living Crisis
Amid a backdrop of slowing global growth as central banks act ever-more aggressively to rein in high inflation, the recent decline in commodity prices has been a rare bright spot. But whether the energy and food crises are really resolving, the implications for global growth, inflation, and political stability are Top of Mind.
TOPIC: Commodities
08 JUN 2022 Articles
The War in Ukraine Stokes Global Food Inflation
Russia’s invasion of Ukraine has heightened the uncertainty over food supply, a global market that was already feeling the effects of COVID-19 and the ongoing impact of climate change. With the help of Goldman Sachs Research, we took a closer look at the regions most affected by surging food prices and the increasing cost of agricultural commodities and products.
TOPICS: Commodities | Europe | Regional Analysis
01 JUN 2022 Goldman Sachs Research
Battery Metals Watch: The End of the Beginning
Goldman Sachs Research analysts argue that the battery metals bull market has peaked. With climate change being top of mind, investors are fully aware that battery metals will play a crucial role in the 21st century global economy, just as bulk and base metals did before them.
TOPIC: Commodities
17 Mar 2022 Articles
The Invasion of Ukraine is Accelerating the Supercycle in Commodities
As the war between Russia and Ukraine escalates, global commodities markets are going through the most upheaval since the 1973 oil embargo on the U.S. But this time the energy crisis is most acute in Europe, which relies more heavily on Russian exports. And the shock isn’t confined to one commodity. Russia is the second largest commodity producer in the world (behind the U.S.), and the repercussions of its invasion seem to have changed global supply chains overnight. We sat down with Goldman Sachs’ Global Head of Commodity Research Jeff Currie for his view on global commodities and the impact on markets.
TOPICS: Commodities | Europe
15 FEB 2022 Goldman Sachs Exchanges
The Case for Commodities: ‘Super-Backwardation,’ Structural Demand and Inventory Shortages
In this episode of Exchanges at Goldman Sachs, Jeffrey Currie, global head of Commodities Research in Goldman Sachs Research, discusses why he believes commodities are entering a supercycle and how the current geopolitical landscape is shaping commodity markets.
TOPICS: Commodities | Outlooks | Markets
05 OCT 2021 Goldman Sachs Exchanges
The Impact of Rising Natural Gas Prices
As natural gas prices hit record highs in Europe and Asia, what does that mean for the broader commodity complex? Goldman Sachs Research’s Damien Courvalin explains the impact of rising prices on energy costs, inflation and economic growth.
TOPICS: Commodities | Europe
18 MAY 2021 Goldman Sachs Exchanges
Copper is the New Oil
A surge in green capex—combined with the lack of copper mining projects—will lead to a multi-year bull market in copper, explains Goldman Sachs Research’s Nick Snowdon.
TOPIC: Commodities
19 MAR 2021 The Daily Check-In
The Beginning of a Structural Bull Market for Commodities
Damien Courvalin, head of Energy within the Commodities Research team for Goldman Sachs Research, discusses his team’s latest outlook for commodities and why they’re raising their returns forecasts.
TOPICS: Commodities | Markets
18 JUN 2018
A Sea Change for the Global Shipping Industry
The global shipping industry has a sulfur problem. Although the world’s shipping fleet accounts for just 7% of the oil used by the transportation sector, it generates 90% of its sulfur emissions, contributing to respiratory and cardiovascular diseases in humans. With a new cap on marine fuel sulfur emissions set to take effect in 2020, there could be a significant impact across multiple sectors. Watch Video
TOPICS: Commodities | Sustainability
07 FEB 2018
The New Oil Order: On Hiatus
The shift from a lower-for-longer to a higher-for-now oil price environment is set to continue this year says Goldman Sachs Research’s Jeff Currie, but the “New Oil Order” story isn’t over. Watch Video
TOPIC: Commodities
