Gold prices today (Tuesday) snapped out of a streak of 9-month lows.
Gold Prices Today
After being on track for a third-straight session gain, gold prices today (Wednesday) plummeted following afternoon announcements from the U.S. Federal Reserve.
Today (Thursday), gold fell to its lowest level since January. There are three reasons why today's gold price is going down...
Gold prices today (Thursday) climbed higher in morning trading, on track for global gains across three consecutive trading sessions.
Two themes have dominated gold news the last few months, and both have opposite effects on gold price.
Gold prices today (Wednesday) were up a whopping $18.70 an ounce (up 1.43%) as of 12:30 p.m. EDT. Spot gold traded at $1,307.30 an ounce after closing at $1,288.60 an ounce in the previous session.
The price of gold fell Thursday after stronger-than-expected jobs data showed that U.S. economy added another 288,000 jobs in June. Also weighing on the precious metal was a drop in the official unemployment rate to 6.1% - its lowest level since September 2008 - and the Dow Jones breaking through 17,000 points to set a new high.
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.
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.
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.
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.
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.
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.
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.
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.