Goldman Sachs on Thursday raised its gold price forecasts, describing it as the best hedge against financial risks, and reiterated its bullish view on commodities as a banking crisis has yet to spill over into physical markets. It hiked its 12-month gold price target to $2 050 an ounce from $1 950, joining others such as Citi, ANZ and Commerzbank in raising forecasts. "We believe the market will be well supported not only by ETF (exchange traded fund) inflows once Fed fund rates have peaked but by a stronger 'Wealth' effect from the East as the USD depreciates into year-end on yield compression and EM GDP grows ... (full story)