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Goldman Says Commodities Will Gain 43% in 2023 as Supply Shortages Bite

Crude Oil and Commodity Price Outlook

Published Dec 15 '22. Last edited Jan 06 '23

Prediction

The bank expects the S&P GSCI Total Return Index — a leading measure of commodity-price movements — to rise 43% in 2023. That would add to gains of 24% so far this year. US stocks, by contrast, are down around 16%, while government bonds have also fallen.

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