Goldman Sachs increases gold forecast
Goldman Sachs Group Inc., the world's largest securities firm, increased its gold forecast for 2008 through 2010 because of expectations for a US recession in the second and third quarters and a weaker dollar.
Gold may gain as concern about a slowing economy spurs demand for the metal as an alternative investment, a survey found.Seventeen of 23 traders, investors and analysts surveyed by Bloomberg, or 74 percent, said bullion will rise next week.