coming week fed meet is scheduled to begin. Agenda is about QE3. Analyst suggest that QE3 may come into effect in which non preformig assets and security bonds ar boud by the fed in return financial institution and banks are flooded with liquidity, furhter more which signals weak dollar and possible hedge for gold. Gold is being considered as the ultimate hedege for weak dolars and coming weeks if fed meet turns negative their could be some respite for trapped short sellers.

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