UBS Is Predicting A Major Gold Rally This Year!

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  • If Companies Such As UBS Can Predict The Future, Would You Like A Look Into Their Crystal Ball?
February 25, 2013 8:35 pm est

Feb 25th 2013 3:30pm

Gold is headed for a major uptrend this year, driven by the U.S. economy, says an analyst at UBS.  As analyst Julien Garren explains in a note, the role the U.S. economy plays in influencing commodity prices is a delicate dance, but providing investors can be patient, it’s a winner for gold. Part of the selloff for gold last week was blamed on Fed minutes that  triggered worries the central bank would wrap up its big asset-buying program faster than expected. That means holding gold as an alternative to the U.S. dollar, seen as vulnerable to the Fed’s stimulus policies, is less urgent.

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