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price of gold

Vast China Gold Reserves Just Added 470 Tons with Huge Undersea Find


This month, already vast China gold reserves grew even larger...

The Shandong Provincial No. 3 Institute of Geological and Mineral Survey announced on Nov. 9 it discovered a 470.4-ton gold deposit in the East China Sea. That's the largest and first-ever undersea gold mine found in the country. At the current price of gold, that amount is worth roughly $16.4 billion.

China has noticeably increased efforts to mine and stockpile gold this year.

The Red Dragon's lust for the yellow metal will come as no surprise to regular Money Morning readers. Resource Specialist Peter Krauth has frequently noted China's high gold demand - and what the country intends to do with its growing store of wealth...

Gold Price Today Climbing Following Paris Attacks

The gold price today rose more than 1.4% in early trading to a 10-day high of $1,097.90.

Investors piled into the safe-haven asset Monday following the weekend attacks in Paris that killed at least 129 people.

Here's what you need to know about gold prices now...

10 Numbers That Shocked U.S. Markets This Week

U.S. markets

U.S. markets swayed this week from fresh data, Wall Street dealings, and life-changing global events...
It's the numbers that count in this crazy world. They can tell stories that words sometimes can't.

Here's a look at some of the most fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently - and why you need to know them...

Gold Price Today Touches Key Level – Here's What's Next into 2016

gold price today

The Fed has been moving the gold price today with speeches and speculation on an interest rate hike.

That and this gold industry report are giving us clues as to where gold prices are heading...

Take a look...

Gold Price Forecast Today Based on These Technical Indicators

US gold price

Our new gold price forecast today uses technical analysis to shed light on where gold's short- and mid-term price path is going.

Gold has had a bit of roller coaster action over the past few months. In October, the gold price did an almost complete round trip: It started the month around $1,107, blasted up to $1,185 by mid-month, and finally gave it all back by month's end.

To get a better gold price forecast for the end of 2015, let's dig a little deeper...

Gold Prices Today Moving After Hawkish FOMC Statements


Gold prices today (Friday) were down a modest $1.70 at $1,145 in early trading as precious metal traders continue to tread cautiously after a hawkish FOMC statement pressured the yellow metal.

The Fed has made it clear a December interest rate hike is still quite possible.

But easy monetary measures from other global central banks should provide catalysts that will cushion the yellow metal....

Why the Price of Gold Hit a 7-Week High Today


The price of gold hit a seven-week high today (Monday) as investors believe the U.S. Federal Reserve will delay its first interest rate hike in nearly a decade until sometime in 2016.

The price of gold was up $10.40 at $1,166.20 an ounce in New York trading Monday morning. It hit an intraday high of $1,169.00 earlier in the session.

Here's why gold prices continue to rise, and where they're headed for the rest of 2015...

Gold Prices Today Hit Six-Week High After 1.6% Gain


Gold prices today (Friday) climbed $18.90, or $1.66%, at $1,158.90, which was a six-week high for the precious metal.

Gold prices today climbed after the release of the latest Federal Open Market Committee (FOMC) minutes. The minutes were clearly dovish, with many now believing an interest rate hike won't happen until 2016.

Here's where gold prices are headed for the rest of the year...

Gold Stocks Break Out of Slump – and This Rally Looks Stronger

bullish gold

The Fed did gold stocks a big favor on Sept. 17 in not raising interest rates. This sector has been mired in a correction since late 2011, but signs increasingly suggest that's coming to an end.

The action in recent months has been encouraging, leading savvy investors to examine, or re-examine, gold stocks as one of the few values the market still has to offer.

Here's what we see...

Gold Price Forecast Sees Rise Before 2016 – Check Out the Charts

gold forecast

Interest rates are an important factor in the gold price forecast, so it's a good time to get an update on the yellow metal since the Sept. 17 Fed meeting pushed a rate hike down the road.

Rates affect gold investing because gold, which offers no yield, competes with interest from bonds and dividends from stocks.

Here's what the yellow metal's behavior leading up to and right after the Fed decision tells us about where gold prices are headed next...

Gold Prices Today Moving Ahead of FOMC Meeting

gold brick bar financial chart calculator

Gold prices today (Thursday) were flat as anxious investors sit on the sidelines ahead of the conclusion to this afternoon's FOMC meeting.

In early morning trading Thursday, spot gold prices were off a modest $1.20, or 0.11%, at $1,117.80 an ounce.

Here's what's next for gold prices following today's FOMC meeting...

How Gold Prices Move When Interest Rates Rise

gold prices

The chatter surrounding the U.S. Federal Reserve's upcoming decision on interest rates has been constant and deafening.

Fed Chairwoman Janet Yellen has been hinting for close to a year now that the Fed will finally raise rates. Everyone is afraid that will mean a major correction in stocks - and tanking gold prices.

But history tells a different story about how gold moves when rates rise...

Price of Gold Today Flat as Investors Await FOMC Meeting


The price of gold today was flat in early U.S. trading today (Tuesday) as investors remain guarded ahead this week's Federal Open Market Committee (FOMC) meeting.

In Tuesday's morning session, the price of gold was trading lower by $3.60, or 0.32%, at $1,105.80 an ounce. Monday, gold prices added $4.40, or 0.40%, to $1,107.80.

Here's what's next for gold prices in 2015...

Why Are Gold Prices Down for the Third Straight Week?


Gold Prices Down Today: Gold prices were lower in early trading today (Friday) as traders remain guarded ahead of next week's Federal Reserve meeting.

The spot price of gold hit a low of $1,097.90 in early trading.

Here's what is pushing gold prices lower this month...

Gold Prices Today Remain Flat as Global Markets Rally


Gold prices today were steady in early morning trading amid muted buying as investors piled back into equities.

Precious metal market action overall was spotty Tuesday as a risk-on appetite took center stage.

Here's why gold will trade range bound for the next couple weeks....