Goldman Sachs says don’t get used to the revival in gold prices

http://www.marketwatch.com/story/goldman-sachs-says-dont-get-used-to-the-revival-in-gold-prices-2015-10-22?link=MW_latest_news

That’s the latest view of the commodities team at Goldman Sachs, which says investors should still expect prices to grind lower during 2016. Gold GCZ5, -0.06%  is up about 7% in the last three months and has risen nearly 8% since its July lows, according to a note dated Wednesday by Max Layton, the bank’s head of European commodities research, as well as Jeffrey Currie, global head of commodities, and other analysts.
That climb in prices has brought the price of gold near to around $1,164 an ounce, which isn’t far off Goldman’s own 3-month forecast or $1,100 an ounce. Goldman’s six- and 12-month forecasts are for $1,050 and $1,000 an ounce. For 2015, Goldman had only been expecting a gradual decline in prices for gold.