Goldman's Commodities Trading Desk Mint Billions Again

Goldman's Commodities Trading Desk Mint Billions Again

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Business

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Goldman Sachs has postponed its staff's return to the office to February 1st due to the Omicron variant, aligning with other Wall Street banks. The bank's commodities trading desk has experienced a resurgence, generating over $2.2 billion in revenue in late 2021, marking its best performance in a decade. Energy traders have particularly thrived, benefiting from high returns on energy commodities. Jeff Curry, a senior analyst at Goldman, predicts a potential super cycle for energy futures, drawing parallels to past market booms.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the new return-to-office date set by Goldman Sachs due to the Omicron variant?

March 1st

February 1st

April 1st

January 15th

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which bank has delayed its return-to-office plans indefinitely?

Goldman Sachs

JPMorgan Chase

Wells Fargo

Bank of America

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the revenue of Goldman's commodities trading desk in the final months of 2021?

3.0 billion

1.5 billion

2.2 billion

4.5 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the head of the commodities desk at Goldman Sachs?

Jeff Curry

Lloyd Blankfein

David Solomon

Emerson

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What potential market trend did Jeff Curry suggest could last for years?

A decline in tech stocks

A super cycle in energy futures

A rise in cryptocurrency values

A boom in real estate