The opportunity to buy commodities has ‘rarely been better’ (copyright link)
A perfect storm of supportive macroeconomic conditions coinciding with tight supply and booming demand means the opportunity to buy commodities has rarely been better, Goldman Sachs has declared.The broker said the current global economic environment is as bullish as it has been during the entire COVID-19 recovery period, despite its strategists pencilling in seven interest rate rises by the Federal Reserve this year.
“Given January’s CPI print, and the risks for rate hikes which will take 12-24 months to slow commodity demand, there has rarely been a better time to add commodities to a portfolio as a hedge against inflation, geopolitical risks and potentially hostile market environments,” Jeffrey Currie, head of global commodity research at Goldman Sachs, wrote in new research.“Not only are demand levels for all commodities now comfortably above pre-pandemic levels which is stressing supply, but the tailwind from synchronous stimulus is facing a resurgence.”
- Forums
- ASX - By Stock
- WSR
- WeStar ranks no1 on Miner Deck's weekly gold intercept ranking
WeStar ranks no1 on Miner Deck's weekly gold intercept ranking, page-3
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WSR (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.990M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 6067765 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2122401 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 6067765 | 0.007 |
5 | 983495 | 0.006 |
5 | 2200000 | 0.005 |
4 | 2575000 | 0.004 |
2 | 1600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2122401 | 5 |
0.009 | 2192000 | 3 |
0.010 | 1112900 | 3 |
0.011 | 720999 | 4 |
0.013 | 200000 | 1 |
Last trade - 10.09am 22/08/2024 (20 minute delay) ? |
Featured News
WSR (ASX) Chart |
Day chart unavailable