Goldman Sachs raised its forecast for returns on commodities in 12 months to 15.5%. To compare, the American investment bank expected returns of 5.8%, 9.5%, and 10.2% over three, six,
A week ago, the dollar drop caused gold and oil prices have reached inflection points. Jerome Powell, Federal Reserve chairman, is expected to make a speech. Besides, the Labor Department will release
The massive rollout of coronavirus vaccines and the loose monetary environment give positive signals about global economic recovery. This is reflected in the recent rally in world bulk commodity markets.
Grain prices continued to increase. Chicago soybean futures climbed for a fourth consecutive session on Wednesday. They are trading close to their highest level in more than five weeks. The most active