gold stocks

Gold Prices in 2014 Heading Toward Record High After Pullback

gold price trends 2014

Gold Prices in 2014: After two days of declines, gold prices were up today (Wednesday).

Spot gold was last quoted up $12.40, or nearly 1%, at $1,293.20 on bargain hunting and short covering. Precious metal traders, however, remain guarded ahead of Thursday's European Central Bank meeting and Friday's closely watched jobs report.

Gold prices slipped Tuesday after encouraging U.S. economic data sent Wall Street stocks higher. Spot gold ended Tuesday's session down $5.40 at $1,280.00 an ounce, a seven-week low.

So, what's next? Click here to find out...

Profit from the End of This Secret "Fix"

gold prices 2014

For nearly 100 years the London gold price fix has been widely used as an industry benchmark.

Its goal was to determine a price for gold that bullion dealers, jewelers, miners, and central banks could use to value their metal.

But it's a process that may have allowed for manipulation, something a recent Financial Times article highlighted thanks to new research.

here's what is going on...

Gold Prices Today Slip from Six-Month High on This U.S. Data

gold prices are going down

Gold prices today (Thursday) (NYSE: GLD) touched a six-month high at the start of London bullion trade, before retreating to close slightly over last session. This is the fourth-straight session gold prices have risen.

Gold for April delivery increased $1.90 to $1,372.40 per ounce on the Comex division of the New York Mercantile Exchange. Its intraday high reached $1,371.30 an ounce, while hitting a low of $1,345.60 an ounce.

Here are the events shaping the yellow metal's price right now...

Gold Prices Today Soaring on the "Ukraine Effect"

Gold Prices - The Ukraine Effect

Gold prices today (Monday) hit a four-month high, surging over 2% on fallout from the Ukraine-Russia conflict; silver prices climbed alongside.

The yellow metal lost 28% in 2013, logging its first annual loss in 13 years. Behind the plunge was the U.S. Federal Reserve's decision to scale back its bond-buying program; however, gold has begun to steady since.

What investors need to know of the conflict’s market effect, here…

China Sends Bullish Signal for Gold Prices in 2014

china gold

In a stellar year-to-date showing, gold prices in 2014 are up 7.6% - compared to the Dow Jones Industrial Average's 3.9% drop.

Gold set a new closing high record for 2014 on Wednesday when it added $5.30 to hit $1,295.20 an ounce.

Pushing gold to a near three-month high this week was testimony from new Federal Reserve Chair Janet Yellen. Yellen made it clear she isn't about to make any abrupt changes to the central bank's pledge of a measured tapering of bond purchases. Additionally, Yellen said interest rates will remain near zero for a good while.

But what will continue to stoke gold in 2014 is this news from China...

Why Gold Is Up Today

2014 Gold Commodity Prices

Gold prices jumped $28 to a six-week high Thursday while the Dow fell more than 200 points in afternoon trading.

February gold ended the day up $25.80 to $1,264.50 an ounce. Spot gold finished up $28.10 at $1,265.50.

Precious metal traders cited short covering, bargain hunting, and technical buying behind gold's gains. Unquestionably propelling the yellow metal's ascent Thursday was the steep intraday 217.42 point, or 1.33%, Dow plunge.

This news out of India is really what was driving gold prices...

1,600 Reasons to Buy Gold Now

Investing in Gold 2014

Gold fell by 28% in 2013. That's a huge reversal of a decade-plus trend.

Between 2001 and 2012, gold managed positive gains every single year, a track record unmatched by any major asset.

The precious metal went from a low of $255 in April 2001 to a high of $1,900 in September 2011, for a peak return of 745%.

Since then, gold has given back 35% from its $1,900 high, leading many to call the end of the gold bull market.

But is it really finished?

By looking at history and numerous indicators, I've found a different story.

One that will jumpstart your 2014 profits...

Gold Prices Today Flat After "Flash Crash"

Gold Price trends this year

Gold prices were little changed at $1,238.80 in early trading today (Tuesday) after falling $30 an ounce Monday in mere minutes.

Trading in February Comex gold futures was halted for 10 seconds Monday when a suspected "fat-fingered" (aka erroneous) trade sent the contract tumbling more than $30 an ounce in just minutes.

Find out why here...

Newmont Mining (NYSE: NEM) Stock Will Shine Again

The Future of Gold Prices

Owning some gold has long been a part of the Money Morning investing philosophy. After all, gold offers some insurance against the dollar-debasing policies of the U.S. Federal Reserve.

One of the easiest ways to acquire the yellow metal is to buy a gold mining stock such as Newmont Mining Corp. (NYSE: NEM).

At first glance, investing in any gold mining stock looks like a lousy idea. Over the past year, nearly all gold mining stocks have plummeted along with the gold prices - but much further.

See how gold mining stocks will rebound here...