# Goldman Sachs is bullish on commodities for four reasons

> Goldman Sachs said it is bullish on commodities, citing a Fed slowdown in rate hikes, an expected weaker dollar, OPEC supply cuts and possible Chinese stimulus. Oil prices had risen about 3 percent overnight on expected tighter supply.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61004-goldman-sachs-is-bullish-on-commodities-for-four-reasons
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A bank forecast of stronger commodity demand and a weaker dollar supports energy and feed input values, though it is an opinion rather than a new physical supply event.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2019/01/16/goldman-sachs-is-bullish-on-commodities-for-four-reasons.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.