todays gold price

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Why Today's Gold Price Is a Great Buying Opportunity

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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...

Why Today's Gold Price Is So Low Right Now

today's gold price

As it turns out, Black Friday's best sales were neither in electronics, clothing, or gadgets. Instead, they came from today's gold price.

That's because on the biggest shopping day of the year, gold prices hit a new six-year low.

Closing at $1,055.90 per ounce on Friday, Nov. 27, on the New York Mercantile Exchange, gold's popularity seemed to also hit a new low since the February 2010 price of $1,045 per ounce.

But as you'll see, while the near-term reasons for a lower gold price are familiar ones, the reaction to these low prices was not typical...

Price of Gold Today Flat as Investors Await FOMC Meeting

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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 Today's Gold Price Is Down

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Tuesday morning, August Comex gold in New York was down $2.50 at $1,104.40 an ounce.

Why today's gold price is down is linked to several factors, starting with the aftermath of the gold "flash crash" that occurred late Sunday night. When China's market opened for trading, a seller dumped five tonnes ($2.7 billion worth) of gold on the Chinese market. Gold fell 4.2% to a five-year low of $1,085 an ounce in a matter of seconds.

Here are the other factors weighing into why today's gold price is down, two days after the flash crash, including China's big reserves reveal, Indian demand, and more..

New Gold Price Chart, Plus the Latest Gold News

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…

Why Gold Mutual Funds Are Attractive Investments

gold mutual funds

Gold mutual funds are gaining attention as a safe-haven investment to hedge against the market volatility 2014 has brought so far.

These types of investments are managed by professionals who analyze and monitor the movement of gold and invest accordingly in bullions and equities.

Here we examine one method for how to invest in gold, using gold mutual funds.

Plus we’ve highlighted a few to get you started today…

A Gold Price History from Nixon to Obama

Analysts look to the gold price history as a tool to make predictions about the yellow metal's direction.

A good place to start when examining the gold price history is the 1970s. Up until the early '70s, gold prices hardly fluctuated by more than a dollar or two.

But U.S. President Richard Nixon, who was in office from 1969-1974, decoupled the dollar from gold in 1971 due to various economic pressures.

And this had a major effect on where gold went after that…