07.12.2012 - Goldman Sachs predicts commodity ‘renaissance’
Commodity markets have entered a “renaissance” phase where prices are unlikely to go much higher but still offer investment opportunities, analysts at Goldman Sachs say. In a separate Wednesday report, the Goldman analysts said rising natural-gas and oil production in the U.S. will likely pare down risks the global economy would be “choked” by the rising prices of both raw materials. In a report focused on commodities in the next year, the investment bank kept its recommendation for investors to be overweight in commodities, and forecast near-term returns of 11% and of 7% at the end of 2013 for the asset class...............................................Full Article: Source
Print