NEW YORK ( TheStreet) -- Gold has struggled of late but the continuing talk of when the Federal Reserve will start cutting back on bond purchases might not have an effect, Mike McGlone, director of research at ETF Securities, told TheStreet's Gregg Greenberg.Although the Federal Reserve may slow down its asset purchasing program, McGlone said the move is already priced into gold. This has been evident, with the yellow metal down almost 25% in 2013, along with silver, which is down 36%.
Quick Take: Fed's Taper Talk Is Priced Into Gold
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