The Globe and Mail reports in its Tuesday, March 26, edition that Goldman Sachs has maintained its recommendation to invest in commodities in 2024, which have already delivered a 9-per-cent return year-to-date, which is expected to rise to 15 per cent by the end of the year due to cyclical and structural support to demand, as well as geopolitical risks. A Reuters dispatch to The Globe reports that Goldman predicts a 20-per-cent return in certain sectors of the S&P GSCI Commodity Index by 2024, such as energy and industrial metals excluding nickel and zinc. According to Goldman, recent data from both developed and emerging markets have boosted confidence in cyclical support for commodities this year. The bank also notes that rate cuts in the U.S. and Europe from June onward are expected to further bolster demand and prices for commodities such as copper, aluminium and oil products. The demand for green metals and oil products has remained strong this year, indicating that commodities are still well-supported. Additionally, commodities are still being used as a geopolitical hedge, as evidenced by recent shipping disruptions in the Red Sea and attacks on Russian refining capacity.