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Spot Price of Gold – Five Years
The chart above represents the spot price of gold per ounce for the last Five Years.
Spot prices are not for trading purposes. For the most up-to-date information, please contact a Blanchard and Company, Inc. Gold Expert at 1-800-880-4653.
Latest Research
The price of gold and the number of reasons to own it are moving in opposite directions.
[ Read more… ]
May 23, 2012
The summer months tend to be a seasonally low time for gold. We can't stress enough to take advantage of further weakness to buy. [ Read more… ]May 23, 2012
The technical analysis team at Bank of America Merrill Lynch thinks a month's long decline in gold is coming to an end. [ Read more… ]May 23, 2012
Deutsche Bank will join forces with London-listed metals refiner Johnson Matthey to clear and store platinum and palladium to build on its position in the physical commodities market, it said on Wednesday. [ Read more… ]May 23, 2012
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession. [ Read more… ]May 23, 2012
The Treasury, apparently dissatisfied with the speed of indirect bank and/or Fed-inspired monetization of its exponentially rising debt-load at ever-cheaper costs of funds, decided in June 2011 to allow the Chinese, with their equally large bucket of USDs to bid directly for US Treasuries. [ Read more… ]May 23, 2012
With the latest existing homes sales data looking relatively strong and other economic data suggesting the US recovery is stable, many investors believe further Fed intervention is off the table. [ Read more… ]May 23, 2012
"$1,600 is a key resistance level" for gold, RJO Futures broker Phil Streible tells The Street in a May 21 interview, "so that's the part that we've got to get back over." [ Read more… ]May 21, 2012
I would like to devote this week's column to the metals and miners in an attempt to put the recent nasty correction in perspective, as best as I am able. [ Read more… ]May 21, 2012
Gold, used an alternative to the U.S. dollar by investors in search of safety, could see a move higher once markets have greater clarity on a resolution to the Greek debt crisis, Marcus Grubb, managing director of investment at the World Gold Council, told CNBC on Monday. [ Read more… ]
May 21, 2012
Leonard Melman, veteran precious metals analyst and publisher of The Melman Report, predicts that gold and silver can still reach new highs this year, in this interview with the Gold Report: [ Read more… ]May 21, 2012
People who have gold or silver, I think actually had a very rough ride over the last couple of months. A lot of them are wondering what on Earth is going on because every time you get good news, gold seems to rally along with equities, but every time there's bad news and gold actually should be giving you some protection, it goes down the swanny. [ Read more… ]May 21, 2012
In a new column Peter Brimelow of MarketWatch reflects on the amazing turnaround staged by gold on Friday, in which it rebounded from bear territory for the year and almost claimed the key $1,600 level. He focuses on the commentary of one analyst in particular, Frank Veneroso: [ Read more… ]May 21, 2012
In an interview with King World News, Tom Fitzpatrick, one of Citibank's top technical analysts, said the stock markets will continue to move lower in the coming weeks, possibly tumbling by as much as 28 percent. This will come as the volatility index, or VIX, spikes. [ Read more… ]May 18, 2012
Gold will need a higher price to sustain mine production, says Gold Fields CEO Nick Holland. [ Read more… ]
May 18, 2012
Gold has been flirting with 5-month lows over the last couple of sessions, but could be close to finding a floor. [ Read more… ]
May 18, 2012
Precious metal gold has been plunged into bear territory because of market volatility, rather than on the back of truly weak sentiment, Junior Gold manager Angelos Damaskos believes. [ Read more… ]May 18, 2012
Federal Reserve policy makers may find another round of Operation Twist is preferable to an outright asset-purchase program should the economy show further signs of weakness or if risks increase. [ Read more… ]May 18, 2012
Gold prices clawed their way out of bear market territory Thursday as June NYMEX gold futures spiked over $40 to more than $1575 an ounce, posting the biggest one-day gain of the year. [ Read more… ]
May 17, 2012
"I think you'll see money pushing into gold" if the Iranian situation worsens, Kinsale Trading exec Tom Essaye tells CNBC in a May 16 interview. [ Read more… ]May 17, 2012
Get ready for another 2008-style financial crisis, says Chris Martenson (Ph.D., M.B.A.) in analyzing the debt and derivative quagmires in Europe as well as the U.S. Expect more global money printing to prop up a system teetering toward implosion: [ Read more… ]May 17, 2012
Greece's departure from the eurozone could create a domino effect for debt-choked Portugal, Spain, and Italy, similar to that caused by the Lehman Brothers bankruptcy in 2008, experts say. [ Read more… ]May 17, 2012
Turkish gold sales to Iran in March soared over 30 times and gold companies said Iranians were turning to gold for savings and possibly trade as Western sanctions tighten. [ Read more… ]May 17, 2012
Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple India as the world's largest bullion market on an annual basis, according to the World Gold Council. [ Read more… ]
May 17, 2012
Billionaire investor George Soros increased his holdings in the largest gold ETF in the first quarter, while John Paulson maintained his stake, the fund's largest, before bullion prices erased gains for the year. [ Read more… ]May 16, 2012
Okayama Metal & Machinery has become the first Japanese pension fund to make public purchases of gold, in a sign of dwindling faith in paper currencies. [ Read more… ]May 16, 2012
The recent sell-off in gold is unlikely to continue in the longer term, with the precious metal set to hit $1,900 an ounce toward the end of the year, according to Walter De Wet, head of commodities at Standard Bank. [ Read more… ]May 16, 2012
Federal Reserve officials weren't confident in recent economic indicators to upgrade their description of the economy as "several" say more easing could be needed if momentum slows, according to minutes released by the central bank Wednesday. [ Read more… ]May 16, 2012
The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing. [ Read more… ]May 16, 2012
The Certified Acceptance Corp. (CAC) recently turned heads by announcing it will begin accepting Eisenhower dollars for review. Fans of the copper-nickel and silver-copper clad coins hailed the move as a potential boost for this series' value. [ Read more… ]May 16, 2012
After 25 years in business, the Numismatic Guaranty Corp. (NGC) has announced that it has certified 25 million coins -- becoming the first grading company to reach this milestone. [ Read more… ]May 16, 2012
Analysts at Nomura think gold's time might be coming. They noted a while ago that gold performs best when its correlation to the euro is weak or inverse, specifically its correlation with EUR/USD. [ Read more… ]May 16, 2012
Platinum jewelry, promoted by Bollywood stars and newly trendy among younger consumers, is slowly beginning to take off in India now the metal is cheaper than traditional favourite gold, and Mumbai businessman Colin Shah is reaping the rewards. [ Read more… ]
May 16, 2012
New studies show that the wealthy are pulling back from stocks and stashing more of their money into real estate, art, and even diamonds. [ Read more… ]May 16, 2012
After a legendary run culminating in a peak near $2,000 an ounce in August 2011, gold has been cooling its heels of late. The yellow metal has given back all of what were once impressive 2012 gains. More disquieting for those who regard it as the ultimate hedge, gold has loss twice as much as the S&P 500 during the choppy markets in May to date. [ Read more… ]May 15, 2012
"A major stock market event will occur later this week when Facebook goes public," TrimTabs chief Charles Biderman notes in a new video (largely transcribed at Forbes). "Stocks and gold likely will keep selling off until the Facebook offering hits the market. And everything else being equal, I then expect a sharp rebound in stocks and gold after the offering. I personally will be buying Facebook and gold on the IPO day." [ Read more… ]May 15, 2012
When we last visited this price area on gold in December 2011, I challenged the loud-mouthed gold bears to wager $1 million dollars on gold hitting $2,000 before $1,000. I offered the world's worst gold forecaster and the "Tokyo Rose" of the gold market to double that bet, but instead he/she did his/her usual "duck and cover" dribble. [ Read more… ]May 15, 2012
"Up to $2,000/oz is sustainable," John Hathaway tells The Gold Report in a recent interview. "It's something that we can get to. The monetary debasement that we're in the midst of is ongoing. Federal Reserve Chairman Ben Bernanke said on Feb. 29 that there won't be any more quantitative easing (QE). The Fed's minutes reiterated that about a month later. Both times gold took a hit, but it didn't go to new lows, which I thought was pretty interesting. Because for the average person, the narrative for the last two years has been all about QE." [ Read more… ]May 15, 2012
Sharp increases in mining costs mean gold will need to reach $3,000 an ounce in five years for the industry to stay profitable, World Gold Council chief executive Aram Shishmanian said Monday. [ Read more… ]May 15, 2012
In late February Fed Chairman Ben Bernanke started warning lawmakers about the looming "massive fiscal cliff" that would bring the U.S. economy to its knees if Congress cannot agree on long-term fiscal decisions. Bernanke explained that the confluence of events happening Jan. 1, 2013 - the expiration of the Bush-era tax cuts and extended unemployment benefits, the $1.2 trillion automatic spending reductions and the end of the payroll tax holiday -- will likely lead to a recession in the U.S. [ Read more… ]May 15, 2012
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