Gold forecasts raised by big firms UBS and Goldman

Who will win the race? the consumers of gold or the investors in gold?  Both UBS and Goldman have raised their forecasts for gold this past week.  However, consumers in gold hungry destinations like Dubai have been reducing their gold jewellery purchases.  It will be interesting to see how this plays out in the coming weeks.  Gold is certainly hovering around in a resistance level between 900-930 dollars per ounce.  It is very difficult to forecast the short term direction for gold at this stage of the game.