Limping Commodities Poised to Soar Anew, Says Goldman
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
Big harvests outside the drought-stricken West may make up for a lot of the crop shortfalls, says Wells Fargo.
Many institutions, wary of the asset class’s notorious volatility, keep their exposure low despite raw material price climbs.
Recovery in raw materials should persist if an expected end to the trade tiff comes.
While raw materials are no longer slumping, Goldman isn’t that impressed.
CIO also made it clear there will be no new investments in oil and gas-related commodity funds.
Asset obliterates -6.5% benchmark with 28.79% performance.
The oil sector gained with improving demand, although expectations for OPEC’s prospects of bringing down global production were reduced.
Low energy prices have contributed to a lack of pickup in inflation, while concerns about Chinese growth have abated, Credit Suisse reports.