Goldman Cuts Commodities Outlook, but Stays Bullish on Gold

While commodity prices have surged thus far in 2012, Goldman Sachs offered a
bit of caution for investors expecting further gains this year. In a recent note
to clients, analysts led by Jeffrey Currie lowered the firm's 12-month
expected return forecast for the broader commodities complex to 12% from 15%
according to a Bloomberg report. Goldman Sachs did maintain an "Overweight"
rating on the sector, however. Although the firm reduced its general outlook, it
remained quite bullish on two commodities in particular – gold and oil.