GUSH - Goldman Sachs is bullish on commodities

In a recent note put out by Goldman Sachs, they believe the commodities space will gain continued support over the next six months on positive forecasted demand. The investment bank has mentioned that they see commodities rallying another 13.5%, with oil reaching $80/bbl, copper rising to $11,000 per tonne and gold holding off bitcoin as a safe haven investment.Per Reuters, Goldman Sachs stated: "We expect the biggest jump in oil demand ever, a 5.2 million barrels per day rise over the next six months," relating to the buildup in traveling demand and increasing vaccine rollouts throughout Europe.For investors that share a similar sentiment and are interested in the energy markets see a handful of exchange traded funds: (USO), (XLE), (UCO), (XOP), (VDE), (GUSH), (OIH), (ERX), (BGR), (BNO).Aside from oil, Goldman Sachs has also upgraded their outlook on copper. Goldman has forecasted the price of copper to reach $11,000 per tonne, setting

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Goldman Sachs is bullish on commodities