Gold to hit $2150/oz by year end: TDS

30/01/2012 05:19 AST

Gold to hit north of $2,150 an ounce later this year, particularly after this week’s uber dovish Federal Open Market Committee statement and a news conference by the Fed chairman signaled easy money is here to stay for a long time, said TD Securities in a research note.

According to TDS, Wednesday’s rally of the FOMC meeting a preview for the rest of 2012.

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