price of gold

Today's Stock Market News And Earnings Calendar

Today's stock market news, Feb. 14, 2014: The Dow Jones Industrial Average ticked back above 16,000 on Thursday as the market continues to shrug off weak economic data. Due to the snowstorm that battered the East Coast on Thursday, the scheduled meeting between Federal Reserve Chair Janet Yellen and the Senate Banking Committee has been postponed until later this month.

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...

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.

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...