Commodities looks primed for a structural bull market – Goldman Sachs

Dhwani Mehta FXStreet

Analysts at Goldman Sachs believe that the ongoing recovery momentum is expected to "be the beginning of a much longer structural bull market for commodities.”

Additional quotes

“10 years prior has seen a lack of investment, leaving inadequate production capacity to meet a V-shaped, vaccine-driven demand recovery.”

“Policies to address the impact of coronavirus are aimed at social need instead of financial stability - will likely create cyclically stronger, more commodity-intensive economic growth that should create the elusive cyclical upswing in demand.”

“Commodities will benefit from revaluation and relation, with a rise in government spending, particularly in the US.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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