*The last time the price of gold in the 10 consecutive trading days, rose more than 10 percent in 2011, when the last wave of the gold market rally coincided decade, shortly after peaking above 1,920 dollars per ounce.
*Spot gold XAU = rose 5% on Thursday, more than seven years was recorded its biggest 1-day gain, as investors expect the US Federal Reserve Board (Fed / FED) may not only can not raise interest rates, but need to cut interest rates.
*So far this year the price of gold has climbed 20 percent to $ 1,260.60 an ounce, is expected to fund the next 6-12 months, the price of gold is expected to rise to $ 1,300-1,400.
*Although the Fed to avoid the introduction of negative interest rates, reserves, but the chairman told Mr Yellen on Thursday testified before Congress that the Fed will consider the option of negative interest rates if necessary.
*Although confidence in the gold market and the increasing, but no one can expect the price of gold rose to a high in a relatively short period of time in 2011 hit record.
*Most traders also believe that the speed and magnitude of this rally, so the price of gold is prone to profit taking and volatility in the near future. But they also say that in the long term, gold should rise.
*”If you’re looking for the minimum of the resistance path, it is now the gold. I think this wave is supported. I think this is not a short-term,” Sica Wealth Management’s chief investment officer Jeffrey Sica said.
*Double-Line Capital co-founder and CEO Jeffrey Gundlach said, as investors lose confidence in the central bank, the price of gold will reach $ 1,400 an ounce.
*Gold usually rise when the dollar fell, the dollar fell to rise. That the association between the two rates. When interest rates rise, the opportunity cost of holding gold will also rise. Gold will not live, but also storage and insurance costs.
*Dragged down by excess supply, international oil prices have fallen by more than 70% since 2014 since, in addition to the global stock index MSCI MSCI World Index . Thursday’s closing price over the last year hit record highs of more than 20%, confirming the global the stock market has entered a bear market. In the commodities and stock markets fell on the occasion, investors are attracted to low-risk investment gold and bonds. ~ Neal Bhai Reports