The landscape of the gold market has been changing dramatically in the last decade in terms of the dominant gold-producing nations. For example, for nearly a century, South Africa held the top spot for gold production. But in 2008, China took over, and since then, South Africa has sunk down to the fifth spot.
This week marked another surprise for the top five…
Why Gold Prices Are Up Today
Gold prices spiked today (Thursday), hitting a near four-month high in early trading. In the morning session, August Comex gold soared $20.20 to $1,355.50 an ounce, its highest level since March 19. Spot gold jumped $17.10 at $1,344.25.There are a few factors contributing to why gold prices are up today...
New Gold Price Chart: Fed Minutes and Middle East Solidify Gold Above $1,320
Gold prices today (Wednesday) finished back over $1,320 an ounce after the release of the latest U.S. Federal Reserve minutes, and amidst turmoil in the Middle East.Take a look at our new gold price chart that reflects the current June-July rally, and get the latest on gold futures, spot gold price per ounce, and news driving up the price of gold...
The Price of Gold Today and Where It's Headed
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.Here are current gold prices, and where the yellow metal is headed in the latter half of 2014…
Current Gold Price at a Three-Month High – Hits Second Quarterly Gain
The current gold price as of July 1 represents a three-month high amid a weaker dollar and ongoing geopolitical tensions.Here’s everything you need to know on if this rise can continue, and how to profit from gold in 2014...
Seven Ways to Tell If Your Gold Is Real
Gold counterfeiting is nothing new. But rest assured there are a number of methods you can use to mitigate the risks of ending up with counterfeit gold. Some are simple, quick, and inexpensive. Others are more elaborate, detailed, and not so readily accessible.Here are seven tests you can use to tell if your gold is real...
The Best Types of Gold to Buy Now
Investing in gold is a great way to diversify investment portfolios, hedge against a financial crisis, and even protect against inflation. But with so many different types of gold to buy, finding the right gold investment can be a difficult task for retail investors.
Money Morning's Resource Specialist Peter Krauth is a 20-year veteran with special expertise in precious metals.He recently gave our readers a snapshot at the best ways to invest in gold...
New Gold Price Chart, Plus the Stories Driving Gold's June Rally
Gold prices posted a best one-day performance in nine months yesterday (Thursday) with a 3.4% surge, and they are following it up with another gain today. Our up-to-date gold price chart shows June's rally after May's record lows.
As of mid-day today, gold for August delivery was up 0.12% to $1,315.70 an ounce on the Comex division of the New York Mercantile Exchange - about a $42 increase on the week. Spot gold per gram price was up to 42.24.Here’s the top market news that’s affecting gold prices right now...
Why the Gold Price Is Up Today – Topping $1,300 an Ounce
Spot gold in afternoon trading tore through the $1,300 an ounce level to $1,313.40, gaining $34.90, or 2.73%.Here’s what’s driving the climb.
This Looming Change in India Will Send Gold Prices Soaring in 2014's Second Half
India drives gold prices, and a recent political shift there has brightened gold’s outlook in coming months.Here's what's happening in India that will send gold prices zooming...
The Tone of Today's FOMC Meeting Matters for Gold and Silver
Gold, silver, and the FOMC meeting today: Precious metal prices were fairly steady Wednesday morning awaiting the typically market-moving statement from the Federal Open Market Committee (FOMC) meeting today. The spot gold price was last trading down $0.90 at $1,271.50. July silver prices were last quoted up $0.003 at $19.735 an ounce.
Over the last several years, investors have shown a keen interest in shiny assets as the U.S. Federal Reserve liberally printed money and distrust in dollars grew. But that interest has waned as the Fed slows its bond buying.Now an FOMC meeting can be a strong headwind for gold and silver...
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…