%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Jeff Currie, who led %Commodities research at U.S. investment bank %GoldmanSachs (NYSE: GS) for nearly 30 years, is forecasting a huge rally in the sector this year. Currie, who left Goldman at the end of 2023 and is now acting independently, says that commodities are likely to have a “fantastic” run this year as interest rates move lower and global demand rises. All commodities are set for bullish moves in 2024 amid low inventories and record demand for raw materials, said Currie during a recent interview on Bloomberg television. Currie said that commodities ranging from gold to agriculture products should get a boost as central banks around the world begin to cut interest rates later this year. “This is just classic ‘own commodities,’” he said. The veteran analyst correctly predicted the last super cycle in commodities that occurred in the 2000s driven by China’s economic expansion. Currie is again predicting a commodities super cycle and is also bullish on the outlook for crude oil prices. In 2023, Brent crude oil, the international standard, averaged $83 U.S. per barrel. Currie expects prices to retest that level and possibly move higher as tensions rise in the Middle East and oil production around the world is scaled back.