The gold spot price is the set price of gold for a particular time and date and is used for the trading of gold. The price is referred to when buying or selling gold or any gold related items such as gold ETFs in order to get a standard rate with which the metal can…
Tag Archive: Price of Gold
Price of Gold Hit a New Record Today
The price of gold hit a new record today after data from the United States showed slower than anticipated economic growth. Costs for food and gasoline have risen, and consumer spending has slowed. The US debt and out-of-control spending, and borrowing has affected the U.S dollar which has continued to slump. This comes on news…
Price of Gold Rebounds
The price of gold rebounded today following Tuesday’s decline and the announcement from the Federal Reserve that they will keep their key interest rate at a historic low rate of low range of 0% to 0.25%. The Fed came to a unanimous decision to let its controversial $600 billion treasury bond purchasing run its course…
Price of Gold Increases Above $1500 An Ounce
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…
Gold Prices Climbed Today
Gold prices climbed again today almost hitting a record intra-day high of $1,478 an ounce. As the precious metal inched closer to $1500 an ounce many people are concerned on the news from the US government that consumer prices increased last month due in large part to higher food and gasoline costs. This marks the…
Price of Gold Slid 1 Percent Today
The price of gold slid 1 percent today on news of oil declines of 3 percent. Oil prices have slumped for two days in a row. Goldman Sachs is advising its customers to sell investments in oil, platinum, copper, and cotton. Goldman argues that record levels of speculative trading of crude has push prices in…
Will Gold Hit $1500 an Ounce?
Gold speculators and traders have wondered for a while now whether gold will reach $1500 an ounce in the near future. The gold market like other investments doesn’t move in straight lines but rather in waves of up and down activity. This presents a unique opportunity for gold investors to profit on the short term…
Price of Gold Declines
The price of gold declined today on news that the precious metal has been over traded as an alternative to a weakened U.S dollar. Gold had reached a high of $1387 on Thursday during exciting morning trading. Investors are eagerly waiting for Ben Bernanke the Federal Reserve Chairman to deliver his address on future monetary…
Gold Price Record Set
A brand new Gold price record was set on Thursday morning with gold trading reaching $1,388 per ounce. This milestone coincides with the dollar hitting a 15 year low versus the Japanese yen. Currently gold prices are rising in relation to all currencies. In the last 60 days alone gold prices have seen a 12%…
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…