Goldman Sachs Commodity Index


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Goldman Sachs Commodity Index

An index of 24 futures contracts on various commodities. It is an important benchmark index of the commodities market.
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Aggregate Bond Index, and 5% Goldman Sachs Commodity Index (GSCI), rebalanced monthly.
released the following statement on the Goldman Sachs Commodity Index.
Goldman Sachs") announced that it was giving further consideration to the question of whether, and the extent to which, the portion of the Goldman Sachs Commodity Index ("GSCI") attributable to the New York Harbor Unleaded Gasoline ("HU") futures contract would be rolled into the Reformulated Gasoline Blendstock for Oxygen Blending ("RB") futures contract on the New York Mercantile Exchange.
Goldman Sachs") announced that it intended to make certain changes to the composition of the Goldman Sachs Commodity Index ("GSCI") to respond to the transition from the New York Harbor Unleaded Gasoline ("HU") futures contract to the Reformulated Gasoline Blendstock for Oxygen Blending ("RB") futures contract on the New York Mercantile Exchange.
In support of its argument, the GIS team points to high spot prices over the life of the Goldman Sachs Commodity Index, a period between 1970 and 2005 that was influenced by run-ups in the early 1970s and more recently since 2001.
It is estimated that over $20 billion is tied up in index trading today largely in the four major indices: Goldman Sachs Commodity Index, Dow Jones - AIG Index, CRB Reuters Index and Deutsche Bank Index.
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