Goldman Sachs recently shared its analysis for commodities and how they expect commdities to behave in 2011. As per their projections, commodities will continue rally in next 12 months and price of gold can achieve USD 1350.
While seeming aggressive, this projection is logical and can be explained by US treasury continuing pumping money onto the world and smart investors are continuing to accumulate gold bullion.
Another commodity which will be greater supply in 2011 is oil. We can expect that it will go towards $100 mark which is a psychological figure within next 12 months as we see more reaction from US senate on the Gulf of Mexico rig explosion issues.
One Response to “Goldman Sachs is bullish on Gold and Oil in 2011”
You can benefit from rising commdities via ETF or direct commdity ownership… I am not saying buy rice – you know what I mean.