Bounce after recent fall and as equities are off?
Or
UPDATE 1-Goldman Sachs cuts 2013, 2014 gold price forecasts
Tue Feb 26, 2013 6:30am EST
* Goldman sees gold at $1,600/oz in 2013 vs $1,810/oz
* Bank cuts 2014 price view to $1,450/oz vs $1,750/oz
* Reiterates call for turn in gold's bull cycle
By Jan Harvey
LONDON, Feb 26 (Reuters) - Goldman Sachs cut its 2013 gold price forecast to $1,600 an ounce from $1,810 an ounce, saying the metal's recent price drop and an increase in U.S. real interest rates have led it to bring forward its projections for a decline in the metal.
If that projection proves accurate, it will mark the first year gold has recorded a lower average price year-on-year since 2001, when its record-breaking 12-year bull run began.