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…
Why the Gold Spot Price Is Hovering So Low
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.Here’s what’s weighing on the yellow metal – and what to watch that could affect gold prices this week.
New Gold ETF OUNZ Offers Something Different to Investors
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.Here’s how this new gold ETF works...
Gold Price Per Ounce at a 16-Week Low – Here's What Is Going On
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.Here’s what’s driving gold price per ounce, and how to play the yellow metal in 2014…
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.
Why Today's Gold Price Is Going Down
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.So why are gold prices going down today?
Barclays Gold Price Fix Scandal Only Hints at Bigger Problem
Barclays Plc (NYSE ADR: BCS) was fined $43.8 million today (Friday) by a U.K. regulatory agency as part of a gold price fix episode back in 2012 .
A trader abused Barclays' role as one of the big banks that participates in a twice-daily conference call to set gold prices. He manipulated the price of gold lower to avoid taking a big loss to a customer who had (correctly) bet gold prices would rise.But just because Barclays got caught doesn’t mean they are the only member of the gold price fix group that’s guilty…