Buy commodities as trade war concerns are overdone, says Goldman
Goldman has been consistently upbeat on the outlook for raw materials in recent months, saying they stand to benefit in the late stage of the economic cycle
Singapore: Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines, now is the time to buy. The Wall Street lender said the economic impact from sanctions between the US and China, including measures set to come into effect on Friday, is small, according to a report. It forecast a 10% return on commodities over 12 months as the dollar drops, and reiterated a bullish call on crude oil.