in a report published wednesday goldman sachs gs commodities analysts sabine schels and jeffrey currie boosted their gold price prediction to 2050oz for the next year citing high fear and growing recession risks gold has risen by more than 150toz in the last two weeks as a result of stress on the financial system fear is the key medium to shortterm driver for gold even more than real rates according to the experts gold is a safe haven asset during times of rising currency debasement risks sovereign balance sheet risks geopolitical risk and other market tail risks the current catalysts making the bullish case for the precious metal are the banking and funding stress and the rising probabilities of a us recession next year goldman anticipates gold etf investment to grow in parallel with increasing recession risk a pattern that may have begun last week with strong inflows into goldbacked etfs read next everyone wishes for silver and gold after fed meeting bitcoin stocks tumble the spdr gold trust etf gld a goldbacked etf that invests in physical metal bars and is managed by world gold trust services llc traded at 1846 per share on thursdays open breaking above monthly highs the largest gold etf has risen 87 over the past month posting the strongest monthly performance since july 2020 gld has seen ongoing inflows as investors rushed to gold on the back of the sharp drop in us treasury yields and increasing economic uncertainties gld has recorded 13 billion of inflows since the start of the banking crisis read more almost done bofa goldman sachs expect fed hiking cycle to end by midyear amid banking credit crunch