“QE SUPPORT- US REMAINS FRAGILE”, by Mr. Prithviraj Kothari, MD, RSBL

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2013 ends on a red note for gold as it heads for its first annual drop in 13 years.
Gold has seen a lot of movements throughout the year. The main reason for this drop was the uncertainty over the QE tapering. QE was responsible to set record highs for gold and the same is the reason for its downfall in 2013. Even today, QE tapering is under one’s scanner- the question is not IF but WHEN.
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