Gold price prediction: Goldman Sachs cuts 2013 gold prediction
Goldman Sachs cut its gold prediction for 2013, saying while the latest sell-off is “likely excessive,” it has “exposed a quickly waning conviction in holding gold positions, especially ETFs (exchange traded funds). In a note dated February 25, Goldman cut its three-month gold prediction to $1,615 an ounce from $1,825, its six-month forecast to $1,600 an ounce […]