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UBS: Buy gold! (GLD, GLX)

UBS wants you to buy gold. As long as the Federal Reserve sees no reason to raise interest rates in a hurry, gold should do well, according to strategists at the bank's Chief Investment Office Wealth Management Research arm. They see gold prices climbing to $1,350 per ounce over the next year, up 7% from its current level. Because gold does not bear any interest, it loses appeal when rates rise and investors go after better alternatives.
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