Goldman Sachs noted it expects Commodities to advance this year as the US and the Fed plan to cut interest rates, boosting industrial and consumer demand. The agency predicts a 15% return on commodities in 2024, driven by decreased borrowing costs, manufacturing revival, and ongoing geopolitical risks. The first quarter saw commodities modestly advance, with crude oil strengthening and gold reaching a record high amid signals of reduced borrowing costs from central banks and China’s commitment to support its economic recovery.