# Goldman: Stronger dollar unlikely to derail bullish view on commodities | Daily FT

> Goldman Sachs said a stronger dollar is unlikely to derail its bullish view on commodities, citing physical shortages. The bank kept its near-term Brent target at $80 a barrel and moderated its gold outlook.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/62956-goldman-stronger-dollar-unlikely-to-derail-bullish-view-on-commodities-daily-ft
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Goldman's view that physical tightness will support prices suggests firm energy costs, which feed through to freight, fertilizer and processing expenses. A stronger dollar is seen as a limited offset.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -5.9% | +6.6% |
| BRENT | 2016-12-29 | [Stay both commodity and dollar bullish in 2017 – Goldman Sachs — Octa](https://feedsoft.ai/events/73389-stay-both-commodity-and-dollar-bullish-in-2017-goldman-sachs-octa.md) | +0.6% | +0.9% |
| BRENT | 2021-06-18 | [Goldman sees Fed-driven dip in commodities as a 'buying opportunity'](https://feedsoft.ai/events/46485-goldman-sees-fed-driven-dip-in-commodities-as-a-buying-opportunity.md) | +3.8% | +1.4% |
| BRENT | 2026-08-28 | [Pound Slips on Stronger US Dollar](https://feedsoft.ai/events/18141-pound-slips-on-stronger-us-dollar.md) | +7.6% | +19.6% |
| BRENT | 2020-10-06 | [A Bullish Outlook for Commodities \| WisdomTree](https://feedsoft.ai/events/50561-a-bullish-outlook-for-commodities-wisdomtree.md) | +1.4% | -5.3% |

## Sources

- ft.lk: https://www.ft.lk/international/Goldman-Stronger-dollar-unlikely-to-derail-bullish-view-on-commodities/49-663392

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