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Posts tagged ‘spot gold price’

30
Dec

Gold Outperforms Dow in 2011

spot gold

gold

Spot Gold Price

Investing In Gold Beats Dow for 2011

The stock market closed down for the day while gold closed up for the day. But, that’s not the whole story. With the trading markets now closed for the year it looks like the Dow Jones index was up 8 1/2% for 2011. Now, that’s not bad for a year with all the financial turmoil in the US and Europe. Read more »

19
Sep

Gold Spot Price Forecast

Gold spot price forecast

Gold bars

Gold bars

As I’m writing this the New York spot price of gold is $1773 down so far for the day by $39 an ounce. So, in the light of this large decline, some may be thinking that the phenomenal rise in the gold price has finally come to an end. Well, I’m not one of them.

Personally, I think with the European crisis still unresolved and many in the know financial experts predicting that Greece is going to have to default, and our own government’s continuing to push for new stimulus, the spot price of gold at least to me seems certain to go over $2000 an ounce perhaps as soon as the end of the year.                                                                                                  Read more »

5
Sep

Gold Price Hits $1900 Per Ounce

Australian gold nugget

Arizona gold nugget

Gold price

Today’s precious metals market was somewhat mixed with gold up $18 per ounce to a record of $1900 per ounce. But at the same time, silver and palladium were both down.

So, even with the government intervention in the commodities future markets in the last few weeks, all that was accomplished was a minor pullback in precious metals that actually created a great buying opportunity.it was just about a week ago, actually it was onAugust 30, 2011 where I wrote that gold (gold price) had just gone over $1800 per ounce.

Well, it may not happen immediately, but the strong momentum behind the upward gold move would seem to indicate the likelihood that by year’s end the spot gold price will be over $2000 per ounce!

Read more »

30
Aug

Spot Gold Moves Back Over $1800

California Mother Lode gold nugget

California Mother Lode gold nugget

spot gold price

Once again, as I’m writing this the New York spot gold prices moved over $1800 per ounce. Currently spot gold is at $1835 per ounce up $46 for the day. It seems like the last week gold has been like a yo-yo with large daily moves both up and down. Read more »

26
Aug

Spot Gold Price Jumps

Spot Gold Price

spot gold

gold bars

As I’m writing this post the New York spot gold price has once again gone through $1800 per ounce! Spot gold right now is up $36 per ounce at $1806. Read more »