There is good news and bad in gold prices this week. It all depends on your point of view and position in the gold market.
As we've discussed here several times, the price of gold is firmly tied to the strength of the U.S. dollar and what goes on in the American economy. When the economy is strong, Read More
The price of gold vaults upward, surpassing predictions and hits $1000 per ounce this week. Not surprising, given consumers and investors concerns about the stability of the American dollar. The value of gold always flies in the opposite direction of the dollar's value. That is, if investors think Read More
Remember that little hit of satisfaction when you heard that the first day of trading in the new year showed the first real gains in some months? The result? The dollar rose just slightly, crude oil prices fell nearly 5%, and gold came down just a little bit, too.
The price of crude fell because Read More
For the first time in some weeks, the prices of gold have started to rise. It happened on Friday, after a week of miserable financial news and word that deflation was on the way as fuel prices fall, food and retail prices fall, and inflation backs off. But gold comes to the rescue of investors, edging Read More