Latest Interviews
Showing 1–2 of 2 transcripts.
Clear all filters- Goldman Sachs14 min
Gold, Oil, and Rare Earths: Commodities on the Move
Daan Struyven, Alison Nathan, Don Stroyven
Goldman Sachs analysts outline a market landscape defined by U.K. sanctions on major Russian oil producers, which could raise prices by $20 per barrel if OPEC+ fails to offset the disruption, while simultaneously projecting Brent crude to decline to the mid-$50s by 2026. The report highlights critical supply chain fragilities in the rare earth sector, where China's 92% refining dominance and decade-long Western build-out timelines create geopolitical leverage that investors must hedge. To mitigate these risks, the strategy recommends a structural reallocation toward gold, with a target of $4,900 per ounce, as a primary defense against fiscal debasement and resource weaponization alongside silver's volatile, liquid-dependent profile.
- Goldman Sachs19 min
Commodities Outlook: What’s Driving Oil, Gold, and Base Metals
Goldman Sachs forecasts a divergent commodity outlook for the second half of the year, projecting oil prices to decline $10 per barrel amidst global supply surpluses while anticipating gold to reach $4,000 per ounce driven by record central bank accumulation. The firm identifies significant upside for U.S. copper due to imminent tariff-induced supply tightness and rising defense-related demand, contrasting sharply with a structural peak in Chinese oil consumption. These macro trends position fiscal spending and energy diversification as primary drivers, favoring industrial metals over traditional energy assets despite recent geopolitical volatility.