Goldman Sachs discussed their latest forecast on gold prices Wednesday. Goldman – who you’d think would be golden bulls by their name – have turned slightly bearish on gold in the near term. On the call, Goldman analysts said they’re looking for gold to bottom around $1200/oz, or about $30 lower than the spot price this morning. Of course, big companies have a habit of being wrong when it comes to gold forecast, but you can’t ignore the current downdraft in all the precious metal sectors. We’ll give you links to a few other viewpoints as well.
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