Goldman Lowers Gold Price Forecast Through 2014 as Cycle Turns

Goldman Lowers Gold Price Forecast Through 2014 as Cycle Turns

Simon Dawson/Bloomberg

“We believe a sharp rebound in gold prices is unlikely,” Goldman Sachs Group Inc. said. “The fall in prices could end up being faster and larger than our forecast, as aggregate speculative net long positions across Comex futures and gold ETFs remain near record highs.”