Long Gold, Short Oil & Gas: Goldman Commodity Kings Brace For 2026 Geopolitical Power Race

Commodity indices delivered strong total returns in 2025 (e.g. BCOM 15%) because very strong returns in industrial and especially precious metals, which both tend to benefit from Fed cuts, have outweighed modestly negative returns in energy.

Goldman Sachs Commodity Research team just released their 2026 Outlook with