Keep an eye on gold.

Last trading at $2,332.19, it could test $2,700 this year, says Goldman Sachs.  All thanks to safe haven demand, considerable interest from global central banks, and conflict in the Middle East. 

For one, central bank buying isn’t showing any signs of cooling off, with China buying even more for the seventeenth month in a row, says The Wall Street Journal. All of which is fueling speculation over the potential devaluation on the yuan, “amid geopolitical concerns over heightened aggression with Taiwan.”

Two, according to JPMorgan, gold has further room to run with Middle East tensions boiling. As noted by CNBC, “The firm’s forecast calls for bullion to average $2,500 per ounce in the fourth quarter, but analyst Gregory C. Shearer said in a note Sunday that the combination of tensions in the Middle East and prohibitions on Russian gold will continue to support elevated precious metal prices.”