Gold prices took a beating Tuesday, plunging nearly 2% and marking the yellow metal's worst day of the year.
Spot gold prices fell to a low of $1,228 an ounce intraday, but managed to claw back some gains in the afternoon. Still, even fresh Consumer Price Index (CPI) figures showing a slightly higher than expected read on inflation in March failed to goose gold prices much.Here's why gold prices are down today.
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Gold Prices 2014: Do What Goldman Does, Not What It Says
That Goldman Sachs keeps calling for gold prices to fall in 2014 is looking more and more suspicious. It's not just that the investment bank has been spectacularly wrong about gold over the years.
No, this is much more sinister.
While publicly advocating others to sell, Goldman is usually buying -- and vice versa.Just take a look at how Goldman has been exploiting the market to its advantage…
Cash In on Gold's Rise with 3 Gold Stocks to Buy Now
As the price of gold has rebounded in 2014 after a disappointing 2013, gold stocks have been gaining momentum.
Money Morning's experts have been following every development surrounding the precious metal and have found several gold stocks that all have bullish indicators behind them. These stocks are up in 2014, and still have room to grow.See which three gold stocks our experts have recommended as strong profit plays in 2014.
Gold Prices 2014: What's Next After Tuesday's 2-Week High
Gold Prices 2014: Gold prices per ounce broke through $1,300 on Tuesday, ending the session at their highest level in two weeks.
June gold finished the day up $10.60 at $1,308.90 an ounce. Spot gold ended the session on a favorable note as well, up $12 at $1,309.50. The yellow metal is up 1.1% in April, and up 8% year to date.
The yellow metal's gains this year are tiring out bearish sentiment.Investors are waking up to the opportunity in gold's rise...
Gold Prices in 2014 Heading Toward Record High After Pullback
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"
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.That story was quickly pulled... but it hasn't disappeared entirely.
- Why Gold Prices Today Are at Three-Week Lows After FOMC Meeting Gold prices today hit three-week lows after Wednesday’s FOMC meeting revealed to investors that the Fed is about to make this drastic change… Read more...
Gold Prices Today Slip from Six-Month High on This U.S. Data
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 right now…
Gold Prices Hit Four-Month High This Week; More Gains to Come
Gold prices this week have continued 2014's climb, with a boost today from U.S. Federal Reserve Chair Janet Yellen.
In morning trading Thursday, April gold rose $7, or 0.6%, at $1,335. Spot gold was flat at $1,330.20.
Early this week, the yellow metal hit a four-month high of $1,339.09 an ounce.Here’s why there are more gold gains ahead in 2014...
Why Gold Prices Are Down Today
Gold prices are down $0.90 today (Friday) to a spot price of $1,322.10 an ounce and are down to finish the week after reaching $1,332.10 per ounce on Tuesday.
Meanwhile, the Dow Jones Industrial Average climbed nearly 41 points in early trading today.See why we're bullish on gold today...
Today's Stock Market News and Earnings Calendar
Today's stock market news, Feb. 18, 2014: The Dow Jones Industrial Average rose 126.80 points on Friday to finish at 16,154.39. While the S&P 500 and Nasdaq were flat. With several prominent firms reporting earnings this morning, pre-market trading and the futures are relatively quiet.So what’s next? Here's what's happening in today’s stock market.
Should I Invest In Gold Stocks Today?
One way to profit from gold's rise is by investing in physical gold. But another sometimes more lucrative way to profit from rising gold prices is to invest in gold stocks.
From gold miners to royalty companies and ETFs there are many different ways to invest in gold stocks.Find out which gold stocks could be the best investments this year...
Best Stocks to Buy Now: A Money Morning Weekly Recap
Best stocks to buy for the week ending Feb. 7, 2010: A robust two-day rally late last week helped the Dow Jones Industrial Average and the S&P 500 Index post their best week of the year, with gains of 0.6% and 0.8% respectively.
Despite the solid showing, the 30-stock index remains down 4.72% year to date. The S&P 500 is off 2.78% since the start of the year. And the Nasdaq, which rose 0.54% last week, is lower by 1.21% so far in 2014.
Indeed, this year has been marked by volatility, with the Dow swinging up or down at least 100 points in intraday trading on 25 out of 26 days since the start of the year.To continue reading, please click here...