Goldman's had only recently upgraded their forecast for the POG & now they have flip flopped, not for the first time lately & not the only bank to do so. They could write a great Bob Dylan tune rather than forecast gold, The answer my friend is...
It also says to me perhaps GS aren't as close to the Fed etc as they perhaps used to be. I think if they knew Summers was withdrawing from the Fed Chair race they would have been reticent about forecasting a lower price for gold.
