Gold's Massive Rally Rooted In 'Massive Dent In Confidence Of The Fed' - ABC Bullion

From kitco.com

A major shift in the market’s global monetary policy sentiment will continue to drive new money into gold, boosting the current rally even further, according to Sydney-based ABC Bullion. The Federal Reserve’s decision to open a door to future rate cuts last week created a major shift in market sentiment globally, revealing a building distrust in the Fed and other central banks’ abilities to handle rising risks, ABC Bullion business development manager John Feeney and Pallion senior precious metals project analyst Bron Suchecki said in the latest update. “Gold’s reaction to the latest FOMC statements is ... (full story)