Goldman Sachs: Interest rate cuts by European and American central banks will drive up commodity prices
Goldman Sachs expects commodity prices to rise this year, and European and American central banks are expected to cut interest rates, which will help support industrial metal prices and consumer demand. Analysts including Samantha Dart and Daan Struyven said in a March 24 report that commodities returns could reach 15% in 2024 as borrowing costs fall, manufacturing recovers and geopolitical risks persist. Copper, aluminum, gold and oil products are likely to rise, the bank said, stressing that investors need to be selective as the gains will not be widespread.
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