MORGAN STANLEY: This Gold Rally Won't Last (GLD)

Morgan Stanley analysts Peter Richardson and Joel Crane are out with a post-FOMC minutes update on what's going on in the gold market. Richardson and Crane say gold has already priced in an announcement by the Federal Reserve at its September 18-19 FOMC meeting that the central bank will reduce the size of its monthly bond purchase program, as the release of the July meeting minutes on Wednesday suggested. "Had the FOMC minutes suggested a longer-dated timing, we think the gold price would have ...