Goldman's optimistic commodity forecast

While recession pricing continues at full speed in the stock markets, Goldman Sachs has made a rather optimistic commodity forecast. Goldman Sachs analysts, including Sabine Schels, stated that the recent decline in commodity prices created a great buying opportunity and advised their investors to “buy commodities now, you will worry after the recession.” According to analysts, the risk of recession outside of Europe in the next 12 months is “relatively low.” Noting that commodities have priced in recession more than other asset classes, analysts emphasized that there are supply shortages in many commodities. Goldman analysts believe that petroleum products will lead the rise among commodities. The Bloomberg Commodity Spot Index increased by 20 percent in the year marked by Russia’s invasion of Ukraine. The index broke a record in June.