The price of Gold increased above $1500 an ounce yesterday, and today continues to climb. $1500 an ounce gold was an all-time high milestone. Today major stock markets shot up in large part due to strong corporate earnings in Europe and the United States. Overall there was a prime commodities rally after the Dow reached…
Tag Archive: inflation
Gold at $1500 – Will it Happen Soon?
Gold at $1500 moved closer to reality today as prices rose almost half a percent on early trading. This came as a response from Standard & Poor’s negative outlook on the US economy. This news fueled a sharp rally in gold futures. With April contracts reaching a record of $1,496.40 per troy ounce. The Standard…
Gold Prices Have Soared to Record Highs
With all the printing of money going on around the world gold investing has become the ultimate safe haven for a hedge against weakening currencies and inflation. India’s central bank has just purchased 200 tonnes of gold from the International Monetary Fund. The 6.7 billion dollar purchase surprised the markets and was the biggest single…