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why gold is up today

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Gold Price Today Sees Modest Gains – Higher Move on the Horizon

By , Contributing Writer, Money Morning -

gold price today

The gold price today jumped $10, or 0.80% to $1,271 an ounce in morning trading. The gains came despite typical headwinds for the yellow metal: a stronger dollar and slipping oil prices.

The yellow metal gave back some of those gains in the afternoon session. Just before 1 p.m., gold was hanging on to a $2.70 rise at $1,263.80.

Here's a look at the three factors moving gold prices today...

Why Gold Is Up Today

By , Contributing Writer, Money Morning -

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...

Why Gold Prices Are Up Today

By , Contributing Writer, Money Morning -

Gold moved sharply higher Tuesday thanks to a weaker-than-expected September jobs report - and our country's employment situation is yet another reason why gold prices are up today and will resume their climb...

Perhaps anticipating a weak number, gold prices began moving higher shortly before the jobs report. Gold moved up $5 to $1,320.80 two minutes before the release.

Following the report, gold surged.

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Why Gold Prices Are Up Today

By , Contributing Writer, Money Morning -

buying gold coins

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.

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