After being on track for a third-straight session gain, gold prices today (Wednesday) plummeted following afternoon announcements from the U.S. Federal Reserve.
Here's the current gold price, and a summary of Fed news that's moving the yellow metal right now...
Why Today's Gold Price Is Going Down
Today (Thursday), gold fell to its lowest level since January. There are three reasons why today's gold price is going down...Here they are, plus the current gold price, gold futures data, and more...
Gold Price Forecast: How the Yellow Metal Will Reach $5,000 per Ounce
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...
Indian Gold Demand Was Down 39% in Q2 – but Will Rise 27% in Q3
Indian gold demand fell 39% at 204.1 tons in the second quarter according to data released by the World Gold Council (WGC) last week. Gold jewelry demand was also down 18% at 154.5 tons.
Import duties leftover from a currency crisis in 2013 have stifled Indian gold demand from their origination through this Q2.Although the duties were supposed to have been repealed, they still haven’t been. Here’s why – plus two reasons the country’s demand will pick up quickly in the latter half of 2014…
Why Gold Prices Today Are Rebounding from an 11-Week Low
Gold news update: Gold prices today (Wednesday) coming off two and a half months of lows.Here’s why, plus what gold bugs can expect for gold prices the rest of 2014…
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….
Illegal Gold Mining Is Costing Countries Millions
With gold prices up some 360% over the last decade, the lure of easy profits has created a whole new industry - illegal gold mining.
But the practice is hurting legitimate gold miners and costing countries millions in taxes and export revenue.This problem is only now starting to get the attention it deserves...
Gold ETFs Ready to Head Higher on This Key Driver
The SPDR Gold Trust Exchange-Traded Fund (NYSE Arca: GLD), one of the two major gold ETFs that trade in the United States, dropped more than 1.2% last week, from $124.77 to $123.18.But although short-term losses can be unsettling, investors who hold gold-related securities like gold ETFs have good reason for long-term optimism. Here’s why…
Gold Prices Today Rise 0.7% as Fears Reignite in Russia-Ukraine Region
Gold prices today (Thursday) climbed higher in morning trading, on track for global gains across three consecutive trading sessions.Here are the current spot gold and futures prices, and exactly how the Russia-Ukraine conflict is driving up the yellow metal…
Gold Investing 2014: Gold Will Continue to Outperform Major Assets
Gold investing 2014 update: Gold prices have had a strong first half in 2014. At the midpoint in July, the yellow metal had gone up 9.2% in value.
Investors in physical gold have benefited from the rise. Throughout the year, gold has consistently outperformed other major asset classes like U.S. treasuries and equities.Gold’s outperformance isn’t ending anytime soon. Money Morning Resource Specialist Peter Krauth sees more gains on the horizon, and that is good news for gold investing…
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...
2 Gold Mining Stocks Flashed a "Buy" Signal with Earnings This Week
Gold mining stocks have benefitted from gold prices' 6.24% rise in 2014 - with some rising as much as 13 times the gain in physical gold.
This week, Money Morning Resource Specialist Peter Krauth had his eye on two gold mining stocks that were due to release earnings: Franco-Nevada Corp. (NYSE: FNV) and Royal Gold Inc. USA (Nasdaq: RGLD).Here's how they did - and why both are "Buys" for investors in gold mining stocks...
Why Gold Prices Today Are Skyrocketing Above $1,300 an Ounce
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.Here’s what’s moving the yellow metal up so much today…