Tuesday, February 26, 2013

UBS is predicting a ‘major gold rally’ this year.

So, the conclusion from 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.  LINK...