The Federal Reserve will launch a third round of quantitative easing (QE3) and
the price of gold will reach a new all-time record high above $2,200 per ounce
later this year, according to analysts at Morgan Stanley. In a recent report to
clients, the Wall Street investment bank named gold among its top picks for 2012
and forecasted an average price of $2,200 per ounce. Morgan Stanleys view is
based on part on Ben Bernanke launching a third round of asset purchases.
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