Goldman Sachs forecast a grind higher for gold, to $2050 in 12 months | Forexlive

Goldman Sachs commodities analysts with a note. In brief:

• commodities to rise circa 28% in the next 12 months
• see no contagion from the bank crisis into physical commodities
• oil, gold to rise
• gold a haven in an environment of financial risks
• Chinese oil demand rising, to top 16mn bbl/day. Chinese demand rising also for other commodities.

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AUD, NZD, CAD all ticking up still, USD/CAD down in Asia time: