(Reuters) – A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman Sachs (NYSE:GS) said on Thursday.
The bank forecast a return of 28% over a 12-month period on the S&P/Goldman Sachs Commodity Index (GSCI), with a 17.9% return for precious metals, 42.6% for energy, 5.5% for industrial metals and a negative return of 0.8% for agriculture.
Markets are now increasingly concerned about the return of inflation, the Wall Street bank said. Read more…..

Chart of the Day
Icarus TV
Jeff Currie, global head of commodities research at Goldman Sachs, discusses the potential for carbon capture technologies, oil prices and his outlook for metals. He speaks exclusively on “Bloomberg Daybreak: Asia” from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong.