DEFINITION of 'Goldman Sachs Commodity Index - GSCI'
A composite index of commodity sector returns which represents a broadly diversified, unleveraged, long-only position in commodity futures.
BREAKING DOWN 'Goldman Sachs Commodity Index - GSCI'
Similar to the Standard & Poor's 500 index, the Goldman Sachs Commodity Index (GSCI) provides a reliable and publicly accessible investment performance benchmark. The index's components qualify for inclusion in the index based on liquidity measures and are weighted in relation to their global production levels - a characteristic which helps make the GSCI valuable as both an economic indicator and a commodities market benchmark.