A few years ago I issued a gold price forecast of $5,000 an ounce. I still believe that's a realistic price target - and now prominent gold mining experts are following suit.
Rob McEwen, founder and former chair and CEO of GoldCorp, said in a recent interview, "I'm a long-term believer in gold and I see it ultimately getting to $5,000 an ounce."
Here's why gold prices are headed much higher...
gold price forecast
Gold Price Forecast for September Shows Demand – and Prices – Surging
Gold price forecast, Aug. 29, 2014: Buying gold during the late days of summer has proved to be a winning trade for most of the last two decades, according to Bloomberg.
Indeed, September is historically gold's best month. Over the last 20 years, the yellow metal has seen an average gain of 3% in September.Find out here why September is so good for gold prices….
Two Clashing Themes in Gold News Have Been Flat Lining Prices Since April
Two themes have dominated gold news the last few months, and both have opposite effects on gold price.Together, they've flat lined the yellow metal...
New Gold Price Chart, Plus the Latest Gold News
Gold shifted higher today (Monday) following recent record lows – our up-to-date gold price chart shows that in late May, gold tumbled to its lowest level in four months, to $1,243.00.
Gold for August delivery was up 0.1% at $1,253.90 a troy ounce on the Comex division of the New York Mercantile Exchange. London gold was up 0.1% at $1,253.77 an ounce.Here’s the top news affecting the yellow metal right now…
Why Gold Mutual Funds Are Attractive Investments
Gold mutual funds are gaining attention as a safe-haven investment to hedge against the market volatility 2014 has brought so far.
These types of investments are managed by professionals who analyze and monitor the movement of gold and invest accordingly in bullions and equities.
Here we examine one method for how to invest in gold, using gold mutual funds.Plus we’ve highlighted a few to get you started today…
A Gold Price History from Nixon to Obama
Analysts look to the gold price history as a tool to make predictions about the yellow metal's direction.
A good place to start when examining the gold price history is the 1970s. Up until the early '70s, gold prices hardly fluctuated by more than a dollar or two.
But U.S. President Richard Nixon, who was in office from 1969-1974, decoupled the dollar from gold in 1971 due to various economic pressures.And this had a major effect on where gold went after that…
Why the Gold Spot Price Is Hovering So Low
Last week, the gold spot price tumbled to its lowest level in four months, to $1,243.00.
Tuesday, the gold spot price hit another four-month low early on, but ended the day hovering around last week's low levels, at $1,245.80. August Comex gold was up $0.90 at $1,245.00 an ounce.Here’s what’s weighing on the yellow metal – and what to watch that could affect gold prices this week.
New Gold ETF OUNZ Offers Something Different to Investors
A new gold ETF, Merk Gold Trust ETV (NYSE ARCA: OUNZ), was launched on May 16, 2014. It seeks to corner an often-neglected part of the investment market: goldbugs who like to hold onto tangible gold.Here’s how this new gold ETF works...
Gold Price Per Ounce at a 16-Week Low – Here's What Is Going On
Today (Friday), gold price per ounce fell under $1,250 an ounce to a 16-week low. Prior to this five-day losing streak, gold price per ounce has been stuck in a tight trading range for weeks, struggling to consistently trade above the key $1,300 an ounce level.Here’s what’s driving gold price per ounce, and how to play the yellow metal in 2014…
Gold futures for August delivery fell by 0.8% to $1,246.50 an ounce this morning on the Comex in New York. And earlier, the price touched on $1,244.50, the lowest for a most-active contract since Feb. 3, according to Bloomberg.
Why Today's Gold Price Is Going Down
Today's gold price was modestly lower Wednesday after Tuesday's rout left the yellow metal at its lowest level in 15 weeks.
In morning trading, the most active contract, August Comex gold, slipped $8.40, or 0.67%, at $1257.10. Spot gold was lower by $6.90, or 0.55%, at $1,256.40.So why are gold prices going down today?
Barclays Gold Price Fix Scandal Only Hints at Bigger Problem
Barclays Plc (NYSE ADR: BCS) was fined $43.8 million today (Friday) by a U.K. regulatory agency as part of a gold price fix episode back in 2012 .
A trader abused Barclays' role as one of the big banks that participates in a twice-daily conference call to set gold prices. He manipulated the price of gold lower to avoid taking a big loss to a customer who had (correctly) bet gold prices would rise.But just because Barclays got caught doesn’t mean they are the only member of the gold price fix group that’s guilty…
Gold Price Today Shrugs Off Bearish Data
Amid a robust rally for U.S. equities, and a slightly hawkish tone in the minutes from the U.S. Federal Reserve's latest meeting, the gold price today (Wednesday) ended with modest losses.
June gold have back $4.70 to $1,290 an ounce today. The spot gold price slipped $4.00 to $1,290.75 an ounce.Here are the details.
A Gold Investing "Cheat Sheet" for 2014
With gold prices at roughly $1,300 an ounce, many investors are asking themselves if now is the time to invest in gold.
I think that's the wrong question.
What they should be asking themselves is if they can afford not to buy it right now.The case for gold investing has never been more clear - just take a look...
Not All Gold Is Created Equal: What to Know Before You Buy
If you own gold, or are thinking of buying some, here's something you need to consider...
It's not all the same.
Some, like fake gold-painted lead ingots, has no value whatsoever.
Some gold said to be in storage or in the ground may not even be there at all.
There are a number of aspects of gold's quality, whether it's real or even exists, that every investor needs to know...Full Story
Gold Prices Today Fighting for Higher Close
Global central banks and geopolitical concerns guided gold prices this week - mostly lower. But the price of gold bucked the trend Friday and were modestly higher in morning trading.Read on for a closer look at what’s moving gold prices today, and what’s ahead in 2014.
Gold Price Today Has Best Close in a Month
The gold price rose over the key $1,300 level Friday as tensions in Ukraine once again neared a boiling point.
At Friday's close on the Comex, gold for June delivery settled at $1,302.90, up $19.50 for the day, its best close in a month. Spot gold, which traded as high as $1,306 in Friday's session, was last up or $16.70, or 1.3% to $1,302.60, putting the yellow metal on pace for its biggest gain since April 4.Here’s what pushed the price higher after four losing sessions for the yellow metal.