The gold market seems to be on the rise lately, and the price of the yellow metal has reached its highest level in over a year. The price of an ounce of gold is currently close to $2,040. This increase is related to the growing expectations of the end…Continue readingGold Shines Again and Reaches its Highest Level in a Year!
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Why gold price is going up (or down)?
In this article, we’ll review some of the biggest sources of supply and demand in the gold market today, with a discussion about the potential future or spot price of gold. First, let’s cover the upward pressures on gold prices. Pressures for the Gold Rate to Increase: Next, let’s…Continue readingWhy gold price is going up (or down)?
For the first time in three weeks, central banks increased their gold bullion reserves, while hedge funds strengthened bets that a rally would occur. Comex futures prices reached a two-week high on Thursday, ending the U.S. trading day on a positive note. Activity was characterized by bargain purchases and covering short…Continue readingGold Prices Higher as central Banks increase reserves.
On Wednesday, the price of gold rose due to speculation that India gold demand will soon increase. As Federal Reserve chairman, announced that increasing oil prices may spur inflation, experts said that precious metal demand built up from a five-day jewelry shop shutdown in India may lead prices of…Continue readingAnticipated India Gold Demand, Weaker Dollar Cause Gold to Rise.
A question by Doug : I guess just back off till it drops some more? What do you say? ? Answers Provide a response using the comment section. After review we will update the answers. “If you want the most gold, dollar cost averaging continues to work. Put in the same…Continue readingCould gold fall again soon and nothing to support its price.
Answers Provide a response using the comment section. After review we will update the answers. “Sellers in the global gold market? As we have mentioned already, the recent sell-off of gold from $1,650 to $1,344 was the result of a well-coordinated, “bear-raid” by at least two leading U.S. banks…Continue readingWho are the gold seller and buyers in the global gold market?