3/23, 6:51 AM (Source: TeleTrader)
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Goldman Sachs sees gold price rising to $2,050

Goldman Sachs Group Inc. predicted the price of gold will reach $2,050 within the next 12 months as it remains a "haven" in uncertain circumstances. Commodities more broadly will rise by 28%, according to the bank's analysts.

Goldman does not forecast that the current banking crisis will spill over into the commodities market. Oil will be another commodity on the rise, with the demand in China increasing and reaching 16 million barrels per day, analysts predicted.

Baha Breaking News (BBN) / DJ