price of gold

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Why Gold Prices Soared to a 12-Month High Today

gold

Gold prices surged to a 12-month high above $1,240.00 an ounce Thursday as investors around the globe piled into safe-haven assets.

Spot gold prices were sharply higher in early trading, up as much as $45.50, or 3.8%, at $1,242.26 an ounce.

Here's exactly what is driving gold prices higher today and what to expect for the rest of 2016...

Why the Price of Gold Today Is Climbing

gold price

The price of gold today is climbing 1.5%, or $17, to $1,190 this morning, continuing a strong run for the precious metal. Gold prices have now climbed roughly 12% in 2016 and should continue to climb even higher...

The price of gold today is climbing as stocks continue to be extremely volatile.

But there have also been some significant developments on a macroeconomic basis that have driven gold higher in the past week.

Here's exactly what has been driving the price of gold in February...

Price of Gold Today Rises – Here's What's Next

price of gold

The price of gold is up more than 1% today.

This gold price rise continues a climb that started weeks ago. Can gold keep going higher in 2016?

To find out the latest investor info on the gold price, read on...

This Week's Spot Gold Rally Is Just the Start in 2016

gold

Spot gold prices slipped $9, or 0.80%, Thursday morning to $1,116.70 an ounce as many investors took profits following a week of gains for gold prices.

And while spot gold was down today, dovish comments from the U.S. Federal Reserve yesterday were a big indication that gold prices will continue climbing in 2016.

Here's how high spot gold prices will climb this year...

Why Gold Prices Will Soar in 2016

gold

Gold prices were slightly lower today (Thursday) as markets calmed, but we still see gold prices soaring in 2016. In fact, investing in gold is one of the smartest decisions investors can make during this extreme market volatility.

But first, here's what caused gold prices to dip today...

Why Today's Gold Price Is a Great Buying Opportunity

gold

Today's gold price hit a seven-week high as fresh geopolitical concerns sparked further safe-haven buying in the precious metal.

In early morning trading, today's gold price was up $14.20, or 1.32%, at $1,092.70 an ounce. Traders are closely watching to see if the precious metal can top $1,100, a level last seen on Nov. 4.

Even with the gains, today's gold prices provide a buying opportunity...

Rise in Gold Prices Today Can't Prevent Third Straight Yearly Loss

gold price

Gold prices today (Thursday) were mostly flat, meaning gold prices are now on pace to log their third consecutive annual loss.

In early morning trading of the last session of 2015, spot gold prices today were trading higher by $1.10, or 0.1%, to $1,062.10 an ounce. That followed an $8.20, or 0.8%, decline to $1,060.10 an ounce Wednesday.

Here's what investors can expect from gold prices today and in 2016...

The Best Way to Buy Gold Coins

gold coins

There are a number of ways to own gold. The best way is to own physical gold such as coins, which can be purchased from a number of reputable dealers.

And these three firms make buying gold coins as easy as buying a book on Amazon.

Here's what you need to know...

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

water-ripples

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

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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

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

gold

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...