price of gold rose to high

price of gold rose to high since mid-April, the experts said that the price of gold because it has "broken bits" (rise above its 200-day moving average and rising triangle at the top), the expected short-term 1720-1770 U.S. dollars per ounce on the red, but notexclude medium-term shocks, or will try to 1500-1600 U.S. dollars back. However, due to gold as an alternative "reserve" assets, to collect, to long-term gold bull market is still pending callback to this interval.

Haywood, CGSES chairman, said that the price of gold may be short-term on the look $ 1720, but is not expected to suddenly skyrocketed, material or dropped to 1600 dollars, the steady challenge to the fourth quarter of more than $ 2,000, and refers to 2014 ultra-low interest rate environment, our asset markets will still be the case of the floor, Golden Years ".