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16
Mar

Gold Price Jump

Gold Price Jump

Wow, what a day today the gold spot price jumped over $25 an ounce! It would seem that the big jump in gold was predicated by the fact that the Federal Reserve Board said it would gradually increase interest rates.

So far this year the gold spot price is up approximately 7%!

Gold Price Jump

Usually, interest rate hikes are negative for the price of gold. So, I guess today is the exception to the rule.

 


 

 

Gold Price Jump

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16
Mar

How gold is formed

How gold is formed

The consensus view from geologists and scientists on owl gold is formed is that fluids deep in the crust are heated by the Earth’s internal heat. … The fluids moved through the rocks over a large area and “dissolved” the gold. When these fluids cooled or reacted with other rocks the dissolved gold precipitated (came out of the fluid) in cracks or fractures forming veins.

Gold may occur as deposits called lodes, or veins, in fractured rock. It may also be dispersed within Earth’s crust. Most lode deposits form when heated fluids circulate through gold-bearing rocks, picking up gold and concentrating it in new locations in the crust. Chemical differences in the fluids and the rocks, as well as physical differences in the rocks, create many different types of lode deposits. Read more »