Gold Prices

What's Moving the Gold Price per Ounce to a Fourth Straight Weekly Gain Today

gold price per ounce

Gold price per ounce was on track for a fourth straight weekly gain today (Friday) - our up-to-date gold price chart reflects that the yellow metal is floating around its highest price since mid-April, achieved earlier this week...

Today, gold for August delivery was up $0.50 at $1,317.50 per ounce on the Comex division of the New York Mercantile Exchange. Spot gold price per ounce was nearly flat, down $0.10 at $1,317.25. The London a.m. gold fix is up at $1,315.25 compared to the previous p.m. fixing of $1,311.75.

Here’s the top market news affecting gold prices right now…

The Best Types of Gold to Buy Now

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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

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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...

The Tone of Today's FOMC Meeting Matters for Gold and Silver

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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

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

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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

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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.

Gold Price Per Ounce at a 16-Week Low – Here's What Is Going On

gold price per ounce

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.

Here’s what’s driving gold price per ounce, and how to play the yellow metal in 2014…

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