Goldman Sachs buy recommendations: economists at investment bank Goldman Sachs (NYSE:GS) urged investors to invest in commodities amid heightened recession risk in the near term. It’s commodities that stand a good chance of recovering soon amid a deep energy crisis and tough physical fundamentals, Bloomberg writes.

The risk of a recession outside Europe in the next 12 months will be quite low, and now the recession in the oil market provides an attractive entry point for long-term investments.

What does Goldman Sachs recommend? 

Crude prices soared in June after the conflict in Ukraine disrupted production and disrupted supply chains. but then weakened on recession fears, while global central banks, including the U.S. Federal Reserve, began to sharply tighten monetary policy to curb inflation.

“While U.S. inflation remains high and the Fed’s rate is likely to remain hawkish in September,” the Bakananalysts wrote in a note titled “Buy Commodities Now, and You’ll Worry About Recession Later.” The bank recommends buying commodities, which are the best asset classes to hold late in the cycle when demand remains higher than supply.

We previously reported on why the price of oil is falling.