“Investors should buy commodities as a recession outside of Europe appears unlikely over the next year, Goldman Sachs said in a note on Monday. The bank said that heightened fears of an imminent recession have pummeled commodity prices in recent months, making them especially ripe to be purchased by investors looking for a good deal.”
USAGOLD note: The Wall Street investment bank is sticking with its bullish commodities forecast. Even with the correction over the past few months taken into account, commodities, as measured by the S&P Goldman Sachs Commodities Index, are up over 22%.
S&P Goldman Sachs Commodities Index
(%, year to date)
Chart courtesy of TradingView.com