Gold prices are in focus this week as the U.S. central bank prepares for its December meeting on Tuesday and Wednesday.
The U.S. Federal Reserve is widely expected to raise interest rates this week for the first in nearly a decade, and the move will have a big impact on gold prices. The market-implied odds of the first interest rate increase since June 2006 are roughly 81%.
Here's what to expect from gold prices after the Fed's meeting this week...
Now is a very good idea to be buying gold. Right now... before the Super Crash.
Gold is key because it offers protection against both inflation and deflation. It is one of the few assets to do that. It's market crash insurance.
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...
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.
Many of the planet's gold miners are eking out in survival mode, breaking even or losing money on every ounce they produce. They're leaving tens of millions of ounces of hard-to-reach gold underground, too.
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 (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...
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...
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....
Gold prices now sit at a six-week high as the safe-haven trade is back in focus.
Thanks to strong gains Thursday and a follow through Friday, the gold price has trimmed its year to date loss to a slight 2.31%.
Here's what precious metal investors need to know....
China and Russia have finally had enough of Western central bankers' clandestine gold market manipulation to prop up the U.S. dollar.
F. William Engdahl, an American-German economic researcher and best-selling geopolitical author, was quoted by business blog Sputnik on Aug. 16. He said that Russia, China, and other emerging economies are involved in & the genial move & to establish an entirely different gold market.
& They stand to add to the new energy surrounding a renaissance in gold as a support of solid, well-based currencies to replace the diluted and devalued dollar system...&
Gold prices climbed to a three-week high this week, showing why a gold ETF like the SPDR Gold Trust (NYSE Arca: GLD) is a strong investment now.
The price of gold surged $15.60, or 1.41%, to $1,123.20 an ounce on Wednesday. Concerns of a currency war, a rout in global equities markets, and a slipping U.S. dollar all drove investors to the safe-haven money alterative.
Here's why we see gold prices and the SPDR Gold Trust climbing higher from here...
Gold prices today (Thursday) are down slightly after climbing to a three-week high yesterday amid yuan fears, a softer dollar, and a global equity rout.
The yellow metal finished Wednesday up $15.60, or 1.41%, at $1.123.20 an ounce. That marked the fifth consecutive session in which the gold price ended higher.
Here's what you need to know about gold prices today, and why they're headed higher...
I love gold right now, not despite, but because of everything that's happened to it this month...
Now, it's true that the "race to $1,000" triggered by the July 20 Asian bear raid appears to have the yellow metal on the ropes.
Gold price prediction 2015: A gold "flash crash" shook markets July 19, sending the metal down $50 an ounce in a matter of seconds to its lowest level since 2010.
But the tumble didn't stop there. In fact, last week's events were so dramatic they necessitate an updated gold price prediction for 2015.
"Gold's hard-and-fast tumble below $1,100 an ounce last week means some investors may be tuning out the yellow metal or suffering from gold 'burnout,'" Money Morning Technical Trading Specialist D.R. Barton, Jr. told readers July 27. "But ignoring it is a huge mistake. It has been and always will be one of the best stores of value, and it's a crucial hedge against economic upheaval. It's a must-have holding."
