Gold remembered the past

During global financial crises, gold moves inadequately but expectedly

Gold reached the target at $1700 per ounce indicated in the previous analysis. The most interesting, however, started later. Gold rates at first didn’t respond to the federal funds rate cut by 100 basis points and dropped to the lowest level since November. Next, after the Fed’s announcement of indefinite purchases of Treasuries and mortgage-backed bonds, gold rebounded up sharply. TEH  XAU/USD bulls have been also encouraged by Goldman Sachs’s suggestion that gold price reached the pivot point and should rise to $1800 per ounce over the next 12 months. 

According to Goldman Sachs,…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>