Posted 3/25/2024, 9:30:00 AM
Commodity Prices Poised to Rally on Rate Cuts, Goldman Sachs Sees Upside for Oil, Metals
- Commodity prices expected to rally this year due to interest rate cuts by central banks
- Lower rates will aid manufacturing and consumer demand recovery
- Goldman Sachs names crude oil, aluminum, copper, and gold as commodities with substantial upside
- U.S. Federal Reserve rate cuts seen as especially crucial
- Goldman recently revised oil price forecast up to $87 per barrel, citing Red Sea shipping disruption
