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QE wind down is ‘endgame’ for gold, warns Roubini analyst

Posted on 24 July 2013

Gold prices may have made a sturdy recovery in recent weeks, but one analyst from Roubini Global Economics is warning that an “endgame” is coming for bullion, with the winding down of the Federal Reserve’s massive monetary stimulus still very much in play.
“Weak U.S. data and falling inflation could all serve to prolong QE, providing a boost to the gold price. But the U.S. economy is improving and QE will gradually come to an end-this endgame is the scenario that gold investors need to be positioned for,” Gary Clark, commodities analyst at Roubini Global Economics, wrote in a note published late Monday………………………………………..Full Article: Source


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