Bloomberg News

Gold Is Getting New Investors First Time in 3 Months, UBS Says

February 02, 2012

Feb. 2 (Bloomberg) -- New investors are coming into gold market for the first time in three months, according to UBS AG.

Potential for quantitative easing could give gold “explosive ingredients” for 2012, Edel Tully, a London-based analyst, told a conference in London today. Gold may rise above $2,000 an ounce this year, she said.

To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net


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