Goldman’s VAR climbs to $98 million in Q1

Commodity and interest rate risk push average VAR to its highest reading since 2020

Goldman Sachs’s average value-at-risk climbed 18% in the first quarter, as commodity, currency and interest rate risk spiked to multi-year highs.

Daily VAR – management’s gauge of the most the trading desk could lose on any given day – averaged $98 million, up from $83 million for the previous three months.



It was the hottest reading since Q2 2020, when the Covid-19 pandemic caused the average to climb to $122 million.

Commodity VAR rose 53% to $49 million compared with the previous

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