Goldman calls ‘buy’ as commodities in worst weekly slump year to date

Commodity prices are heading for their worst week this year. Goldman Sachs Group Inc says, cautiously, that’s an opportunity to buy.

While rising macro concerns and escalating trade tensions have weighed on metals and agriculture prices, those risks are starting to be offset by the return of backwardation and a positive carry, analysts including Sabine Schels said in a note.