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Goldman forecasts 1.1pct gain in commodities over 12 months

Posted on 12 February 2013

Goldman Sachs Group Inc. forecast precious metals and livestock will lead a 1.1 percent gain in commodities in 12 months, saying it will wait for physical markets to confirm recovery before raising individual estimates.
The advance in the Standard & Poor’s GSCI Enhanced Commodity Index will include a 2 percent gain in energy, with precious metals to climb 5 percent and livestock to advance 4.5 percent, the bank said. Agriculture will be down 3.5 percent and industrial metals will fall 1 percent………………………………………..Full Article: Source


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