Gold prices were relatively stable today, as most investors chose to keep a close eye on the developing situation in Europe, particularly Greece. Gold for December delivery lost $3.60 to close at $1,826.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,848.20 and [...]
Gold Prices Swing Rapidly Based on the Fed Stimulus Outlook
August 29, 2011 By Leave a Comment
The announcement that the Federal Reserve would consider further stimulus measures for the economy caused gold prices to swing rapidly based on the debate of whether stocks are a good investment right now or whether gold is still the best place to put money and protect it. December gold price went down $5.71 an settled [...]
Gold Jumps to Record Price Because of Economic Woes
August 2, 2011 By Leave a Comment
The current economic situation that many countries are facing – including America, are escalating gold prices to a higher level. Gold futures jumped to a record price of $1,645.80 an ounce, as economic woes are causing investors to search for an investment haven. Gold and other precious metals – most notably silver, have both been [...]