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:
![uscad 23 March 2023](https://images.forexlive.com/images/uscad%2023%20March%202023_id_f7bdff1d-eea1-4656-ae39-58d6d3218cd6_size900.jpg)