Sunday, December 22, 2024
Goldman sees Fed-driven dip in commodities as a 'buying opportunity'- oil and gas 360

Goldman sees Fed-driven dip in commodities as a ‘buying opportunity’

Reuters Goldman Sachs said on Friday the recent slip in commodities prices driven by the U.S. Federal Reserve’s decision to bring forward projections for interest rate hikes into 2023 was a buying opportunity for investors. “The bullish commodity thesis is neither about inflation risks nor Fed forward guidance. It is about scarcity and strong physical demand,” the Wall Street bank