Commodities are in store for a 'bullish concoction' in 2023, according to Goldman Sachs, which sees a combination of the macro environment and low inventories boosting prices. The commodities sector is looking at "superior total returns" in 2023 and is expected to outperform other asset classes, analysts at Goldman Sachs said in a note. After a surge in commodity prices in the first half of 2022, the sector saw a decline due to rising interest rates and lower demand. However, the outlook for 2023 is very positive as China reopens amid low inventories, said Jeff Currie, head of commodities research at Goldman. ... (full story)