TC

07/12/2012 08:45

[I-bank focus]Buy gold ahead of FOMC meeting - Nomrua

  <ET Net News Agency, 7 December 2012>  As this month's FOMC meeting approaches, Nomura said it is worth considering whether the FOMC will announce further easing to replace Operation Twist.
  The research house noted that gold remains at the same level as during the October meeting, which suggests that it has not priced in any move by the FOMC.
  Regardless of whether the FOMC actually eases at this point, it thinks there is a non-negligible probability. Therefore, Nomura expects gold to rise and price in this probability as the December meeting approaches, just as gold rose when the September meeting was approaching.

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