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The Spot Price of Gold is $
1385.90
Current as of
Jun 17, 2013 04:14PM . Not For trading purposes
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Spot Price of Gold –
120 Days
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Gold Market News & Analysis
"The fundamentals haven't changed," Agnico-Eagle Mines CEO Sean Boyd says in predicting $1,800 gold this year in a June 13 Bloomberg interview. [ Read more… ]June 17, 2013
John Ing, president and CEO of Maison Placements Canada Inc., last Friday (June 14) talked up the positives around gold stocks and said he still thinks the metal will reach US$2,000 this year. [ Read more… ]June 17, 2013
Photos taken during China's Dragon Boat holidays last week showed thousands of people lining up to buy gold. The nation is the world's largest consumer of the metal among with India, and that won't change anytime soon, especially as its middle class and upper classes grow and accumulate more wealth. [ Read more… ]
June 17, 2013
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund (ETF), according to HSBC. [ Read more… ]June 17, 2013
We will see gold ignite in the second half of this year if not sooner. The bigger picture is that we are at crunch time for this notion that QE is benign and that the Fed and other central banks will be able to tweak it so expertly. The whole idea of tapering makes me laugh because all it means is that the rate of increase will slow somewhat, which I think is also a myth. [ Read more… ]June 17, 2013
India's trade deficit widened to a seven-month high in May as gold imports surged, provisional data showed on Monday, but economists expect newly announced measures to dampen demand for the precious metal in coming months and narrow the shortfall. [ Read more… ]June 17, 2013
Michael Ballanger, director of wealth management at Richardson GMP, recently was interviewed by The Gold Report, and he had this to say about the importance of a diversified portfolio that includes both gold and equities: [ Read more… ]
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June 17, 2013
A key Bank of England policymaker has warned of the risks to global financial stability when "the biggest bond bubble in history" bursts. [ Read more… ]June 17, 2013
The only thing that changed over the past 60 days was the price of gold, and perhaps the mainstream's perception of our industry. The realities of the fiscal and monetary state of the world, however, did not. [ Read more… ]June 17, 2013
"I don't know whether it's in the next few weeks, the next few months or still a year or longer away, but undoubtedly the fundamentals remain very positive indeed and have become more positive over the past few months and ultimately that's what is going to set the price," he told Mineweb. [ Read more… ]June 17, 2013
The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year. [ Read more… ]June 17, 2013
China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned. [ Read more… ]June 17, 2013
Commenting on a recent message from Federal Reserve conduit Jon Hilsenrath of The Wall Street Journal, Michael Pento of Pento Portfolio Strategies explains why the Fed won't be raising interest rates anytime soon -- and that's good news for gold prices: [ Read more… ]June 17, 2013
Let's look at the key reasons why we originally recommended that investors look to the precious metals as a safeguard: [ Read more… ]June 13, 2013
The Carson City Mint produced coins only through 1893, although it served in other capacities in subsequent years. Today it's the home of the Nevada State Museum. [ Read more… ]June 13, 2013
"We still have got a ( gold) target of $2,000 per ounce, but we pushed that back by a few quarters," BofA Merrill Lynch Global Research strategist Michael Widmer tells CNBC in a June 13 interview. [ Read more… ]June 13, 2013
"I've always advocated ... a 5% exposure to bullion and a 5% to gold stocks. And rebalance it," U.S. Global Investors CEO Frank Holmes tells CNBC in a June 13 appearance. [ Read more… ]June 13, 2013
Metalor Technologies SA, based in Switzerland, expects to complete its gold refinery in Singapore by the end of this year as the country seeks to expand its share of global bullion trading. [ Read more… ]June 13, 2013
The Indian government is patting itself on the back for bringing down gold imports, a cause of the country's wide current account deficit, but much of the reason for the drop actually lies beyond the policymakers' reach. [ Read more… ]June 13, 2013
"In fickle Washington, D.S., deficit is no longer a priority," reports Fox Business. Attention has shifted to the series of scandals sweeping the Obama administration, and rising stocks and some decent economic data have distracted Congress and the White House from the debt problems that led Standard & Poor's to downgrade the U.S. credit rating in 2011. [ Read more… ]June 13, 2013
"The billion-dollar bet is whether or not gold will find a bottom at about that April level, about $1,320," says Jon Najarian in a June 13 interview with TheStreet. [ Read more… ]June 13, 2013
Gold prices ended about 1 percent higher on Wednesday, as losses in U.S. equities and a drop in the U.S. dollar prompted the metal to rebound from the previous session's three-week low. [ Read more… ]
June 12, 2013
"If you look at the existing primary locations of London, Zurich and New York, these are clearly Western-centric," Mark Smallwood, head of APAC wealth planning at Deutsche Asset &Wealth Management, said Wednesday of the bank's new gold storage warehouse in Singapore. "The launch is really part of the story of Singapore, and about a story of evolving storage facilities for gold bullion." [ Read more… ]June 12, 2013
The main driver for gold right now is quantitative easing (QE). An investor trying to figure out where the gold market is heading in the near to intermediate term needs to focus on QE. [ Read more… ]
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June 12, 2013
Pacific Investment Management Co., the world's largest active bond manager, said investors should cut risk amid a more than 60 percent chance of a global recession in the next three to five years. [ Read more… ]June 12, 2013
When in April the U.S. government reported a surplus of $112.9 billion (thanks to tax collections, Fed and GSE remittances) -- the largest surplus since April 2008, many wondered if D.C.'s profligate ways were over, and if maybe the so-called US austerity was staring to kick in. It wasn't. [ Read more… ]June 12, 2013
For people who have yet to collect silver quarters or are unsure as to how to proceed, building a type set is often the best option. A type set may be either a 'means to an end' or a cherished project to be pursued for years. A type set of quarters is often accompanied by type sets of silver dimes and silver half dollars. [ Read more… ]June 12, 2013
The Fed has convinced many that re-inflating asset bubbles doesn't count as having produced any inflation. The best illustration of this point is the price of oil. [ Read more… ]June 12, 2013
Japan's Financial Services Agency will enact new rules that will force failed bank losses on investors, if needed, via a mechanism known as a "bail-in," according to The Nikkei. [ Read more… ]June 12, 2013
"We had a big move down (in April); gold is having to digest this," Euro Pacific chief Peter Schiff tells CNBC in a June 11 interview. [ Read more… ]June 11, 2013
Technical analysts at Bank of America said that gold could fall to $1,250 in the coming months after forming a symmetrical triangle on the charts. [ Read more… ]June 11, 2013
With Washington consumed by scandals this summer, the White House and GOP congressional leaders are slowly lurching toward a potential debt default or government shutdown this fall. [ Read more… ]June 11, 2013
"It's locked in this channel -- $1,353 to $1,422," KKM Financial's Jeff Kilburg says of physical gold in a Yahoo! Finance "Breakout" interview. [ Read more… ]June 11, 2013
We advocate keeping a 5% or 10% weighting in gold and rebalancing. When gold moves, it moves explosively, and you end up buying at the top. [ Read more… ]June 11, 2013
Days after government increased duty on gold from 6% to 8% to curb its import, Customs authorities are already witnessing a spurt in smuggling. [ Read more… ]June 11, 2013
Muenze Oesterreich AG, the Austrian mint that makes Philharmonic coins, expects "quite good business" for gold in the next couple of months as central banks continue to print money and on wealth-protection demand. [ Read more… ]June 10, 2013
NumisMedia offered an overview of the Barber dime, quarter, and half series in its June 2013 monthly, analyzing some recent sales of more highly graded specimens in the MS65-67 range: [ Read more… ]June 10, 2013
China approved two domestic exchange-traded products backed by gold as global holdings of the precious metal in ETPs dropped to a two-year low. [ Read more… ]June 10, 2013
Rising prices of high-end collectibles such as rare coins, stamps, and fine art are attracting con men into the industry. A rare coin collector's best defense is to know and trust your coin dealer. Blanchard and Company has earned a top rating from the Better Business Bureau, and clients can rest easy knowing that since 1998, our rare coin inventory has been selected by renowned numismatist John Albanese. Albanese helped found two of the major grading companies in the industry, PCGS and NGC, as well as the CAC authentication service. He also founded the Numismatic Consumer Alliance, which recovers money for the victims of unscrupulous coins sales. [ Read more… ]June 10, 2013
Deutsche Bank is opening a gold storage vault in Singapore that can hold up to 200 tonnes of the metal as it looks to capture surging demand for bullion in Asia. [ Read more… ]June 10, 2013
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