Goldman Sachs predicts that Copper and Gold will experience the most significant price surge following Federal Reserve easing
Goldman Sachs predicts that Copper and Gold will experience the most significant price surge following Federal Reserve easing
According to analysts at Goldman Sachs, the commodities sector is poised to witness the most substantial immediate price increase in copper and gold, should there be potential interest rate cuts by the U.S. Federal Reserve.
Goldman Sachs noted in a February 20 statement, “The immediate price surge resulting from a 100 basis point reduction in U.S. 2-year rates, driven by the Fed, is most significant for metals, particularly copper (6%), followed by gold (3%), and then oil (3%).”
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