European Quantitative Easing Would Be Good News for Gold

Mineweb repoted that UBS (NYSE:UBS) sees three important conditions for quantitative easing that would boost the price of gold.

As quoted in the market news:

UBS’s expectation is that the ECB will ease monetary policy to 0.5% by the end of the Q1 2012 – which it now views as the floor rate.

Loyalist Exploration Samples 7.36 g/t Au and 31 g/t Ag in Preliminary Bedrock Sampling at Gold Rush Property, Timmins, Ontario