Gold Prices 2013
Last price121.63Prev Close119.72
Day Low121.53Day High122.22
52 Wk Low115.9452 Wk High165.80
Higher Gold Prices and Coin Sales Point to Growing Gold Rush
Gold prices in 2013 haven't performed as well as the previous few years - but Washington continues to give us plenty of reasons to buy the yellow metal.
This week showed us how sensitive the price of gold can be to news from Washington.
On the heels on the down-to-the-wire U.S. government budget and debt ceiling deal, gold prices moved abruptly higher and soared above the key $1,300 level.Here's why the next round of budget battles will be good for gold...
Why Gold Prices Fell Yesterday
Gold prices seem to have stabilized today, trading once again above the $1,300 an ounce mark.
This follows a tumble yesterday of more than $40 an ounce to as low as $1,284 an ounce. That price was nearly a two-month low and put the precious metal down 23% in 2013.
At that level, gold was trading more than $50 below its 50-day moving average. To technical analysts, this confirmed the downtrend in the precious metal, bringing about a wave of selling by those who strictly follow the charts.
However, there were factors at play in gold's selloff other than technical selling.To continue reading click here...
How Gold, Oil, and Syria Really Mix… Plus "3 Strikes Against Apple"
The markets are very complicated at the moment, which is why now's an ideal time to reach into the Money Morning Mailbag and address your concerns.
The goal here is simple: To provide understandable, actionable, and, of course, profitable answers to your thoughtful and extremely insightful questions.
The "Smart Money" Is Buying Hard-Hit Gold Stocks Now
Part of the recent move up in gold prices to more than $1,400 an ounce and the uptick in gold stocks is a response to the crisis in Syria.
However, there is a lot more occurring just beneath the surface than geopolitics.
But investors would never get that sense from Wall Street, which is still in the midst of its perennial "hate gold" campaign.
Gold Price News Today
Today the gold price seems to be taking a break from its recent run-up, but not before briefly pushing past the psychologically important $1,400 level.
Following a 1.8% surge on Friday, gold prices hit $1,407 in trading in Asia early this morning (Monday) and then pulled back to $1,390 before settling at about $1,395 an ounce.
Gold Bugs Will Love What This Chart Says About Gold Prices
There's no shortage of catalysts pushing gold prices higher, but now gold bugs have another...
A technical analysis of the chart depicting gold's rocky ride over the past nine months shows that gold prices have only just begun to break out to the upside.
Short-Term Gold Price Outlook is Bullish
Gold continues its short-term rally as assurances from Federal Reserve Chairman Ben Bernanke that QE3 remains alive kept the precious metal on track for its first weekly advance in a month.
After Bernanke's pronouncements, gold prices jumped by 2.6% to $1,299 per ounce, marking a fourth winning day in a row - gold's longest winning streak since mid-March.
In turn, the U.S. dollar dropped sharply because Bernanke indicated the Fed isn't in any hurry to raise interest rates.
You see, gold prices and the dollar are connected: a weaker dollar helps dollar-denominated commodities because it makes them less expensive to buy for holders of other types of currencies. Demand also increases for gold as a hedge against a drop in the dollar's value.
Will Gold Prices Rise in 2013?
Will gold prices rise in 2013, or will the bear market continue in the second half of the year?
The bears have certainly been loud this year, as short-term bets against gold paid off in the first half of 2013. Gold lost 27% in Q1, the worst first-half performance since 1981.