A gold "flash crash" took the yellow metal down 4.2%, or about $50, in a matter of seconds late Sunday night to its lowest level since March 2010.
Just before 9:30 p.m. ET -- or just as China's market opened for trading -- someone dumped five tonnes ($2.7 billion worth) of gold on the Chinese market.
Exactly who is "someone," and why the big sell?
A gold "flash crash" took the yellow metal down 4.2%, or about $50, in a matter of seconds late Sunday night to its lowest level since March 2010.
Just before 9:30 p.m. ET -- or just as China's market opened for trading -- someone dumped five tonnes ($2.7 billion worth) of gold on the Chinese market.
Exactly who is "someone," and why the big sell?
The gold/silver ratio is another indication that silver is grossly underpriced.
By 2014 average prices, the gold/silver ratio was 66-to-1. That number has only climbed in 2015. As of yesterday's closing spot gold price and spot silver price, the ratio was about 72-to-1. It's not just that the gold-silver ratio is five times its historical average that indicates that it's underpriced. It's also that its scarcity in relation to gold doesn't justify such a high ratio.
Here's what that says about the price of silver today...
Gold prices shot up to a three week high today (Friday).
Money Morning Resource Specialist Peter Krauth - a former portfolio adviser and a 20-year veteran of the resource market - explains why today's gold price is going down.
There are three contributing factors - and he "doesn't think the pain is over yet"...
October gold prices are up, and look to be heading higher into next week.
Here's what to watch as the month finishes out...
If you want to know why the gold price today slipped off Monday's four-week high, here's all you need to know...
Gold prices today (Friday) fell to fresh new lows below the $1,200-an-ounce threshold for the first time since mid-December.
There are three reasons why gold’s extending its losses…
Gold prices today (Tuesday) snapped out of a streak of 9-month lows.
Two themes have dominated gold news the last few months, and both have opposite effects on gold price.
Together, they've flat lined the yellow metal...
Gold prices today (Wednesday) were up a whopping $18.70 an ounce (up 1.43%) as of 12:30 p.m. EDT. Spot gold traded at $1,307.30 an ounce after closing at $1,288.60 an ounce in the previous session.
Here’s what’s moving the yellow metal up so much today…
Current gold prices shifted lower on Tuesday morning due to profit taking.
Gold prices today (Wednesday) finished back over $1,320 an ounce after the release of the latest U.S. Federal Reserve minutes, and amidst turmoil in the Middle East.
Gold prices posted a best one-day performance in nine months yesterday (Thursday) with a 3.4% surge, and they are following it up with another gain today. Our up-to-date gold price chart shows June's rally after May's record lows.
As of mid-day today, gold for August delivery was up 0.12% to $1,315.70 an ounce on the Comex division of the New York Mercantile Exchange - about a $42 increase on the week. Spot gold per gram price was up to 42.24.
Here’s the top market news that’s affecting gold prices right now...
Gold shifted higher today (Monday) following recent record lows – our up-to-date gold price chart shows that in late May, gold tumbled to its lowest level in four months, to $1,243.00.
Gold for August delivery was up 0.1% at $1,253.90 a troy ounce on the Comex division of the New York Mercantile Exchange. London gold was up 0.1% at $1,253.77 an ounce.
Here’s the top news affecting the yellow metal right now…
Gold is down about 17% in 2013, but here's why gold prices are up today - and will continue their rise...
On Monday, as gold inched toward $1,400 an ounce, bulls claimed the yellow metal was entering a third-quarter bull market - and Tuesday's gold-price gains helped it get there.
