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Katrina Stoltz at Qualified FX on the Weeks Ahead for Gold.
With modest gains on the days trading in the U.S. market, analysts are looking to the final Federal Reserve meeting of 2012 in anticipation of another round of quantitative easing which would push the yellow metal higher rapidly in the new year.
The Fed are widely expected to announce more quantitative easing in their upcoming meeting on December 10th and 11th.
"This would be an incredibly bullish result for all raw commodities especially gold and personally I believe it is highly likely that the Fed will begin QE4" - says Katrina Stoltz, a Senior Broker at Qualified FX.
She goes on to say "The fact that the European Central Bank has slashed its growth forecast for the European Union is very bullish for gold and here at Qualified FX we plan to take full advantage of the opportunity for profit ahead of us."
The news from the ECB helped the dollar index and new demand for safe-haven investments.
Disclosure: Katrina Stoltz and Qualified FX hold several call options in gold with various expiry dates.
Qualified FX was set up almost ten years ago to provide commodity and forex trading accounts to both retail and institutional investors in almost 80 countries.
We maintain corporate offices in both Tokyo, Japan and San Jose, Costa Rica and as such are ideally placed to access all commodity and forex markets around the world. Trading never closes at Qualified FX.
To open an account or just for more information about forex and commodity trading please visit our website at http://www.qualifiedfx.com
Risk Disclosure: Past results are not indicative of future performance. Commodity and Forex trading is not suitable for every investor and as such only risk capital should be used.