There’s one thing not open for debate: Gold is up 20 percent this year, only silver and soy did better. What is debatable and also debated across the financial spectrum is where it is going to be in the future.
Investment bank Goldman Sachs thinks gold is headed lower, to $1200 per ounce in three months’ time (now it’s trading at $1272), but has been repeatedly wrong with its predictions and had to increase its price target in incremental steps from $1000 to $1200 while gold logged its best quarter in 30 years.
Barchart.com
