UBS Says a Fed QE Move Next Week ‘Not Priced In’ for Gold

UBS AG said its expectation of additional quantitative easing next week by the Federal Reserve is not priced in in the gold market, so “any aggressive move by the Fed would prompt a sizeable response.”

Index rebalancing will also cause gold to be bought, UBS said in its daily precious metals report today.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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