Gold Prices Today

Gold Price Today Sees Modest Gains – Higher Move on the Horizon

gold price today

The gold price today jumped $10, or 0.80% to $1,271 an ounce in morning trading. The gains came despite typical headwinds for the yellow metal: a stronger dollar and slipping oil prices.

The yellow metal gave back some of those gains in the afternoon session. Just before 1 p.m., gold was hanging on to a $2.70 rise at $1,263.80.

Here's a look at the three factors moving gold prices today...

Gold Price Today $1,264: What Caused the 2.5% Rise

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A shocking move Thursday from the Swiss National Bank sent the gold price today soaring to $1,264.80 - a four-month high.

Spot gold was up $33.60, or 2.76%, to 1,264.60 an ounce just before noon. It closed up $30.30, or 2.5%. That was the yellow metal's highest price since Sept. 8.

The Swiss franc also enjoyed a robust rally.

Here's what happened to goose gold...

Five Reasons Gold Is Higher After Swiss Vote

reasons gold is higher

On Sunday, Switzerland asked citizens if the central bank should hold a minimum 20% of its assets in gold, not be allowed to sell it off, and store it all at home. The initiative failed, with 78% voting against.

A "yes" vote would have been particularly bullish for gold. But despite the "no" vote, gold prices rose anyway.

Here's a look at the reasons gold is higher after the Swiss vote - and why we are bullish on gold into 2015...

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