The spot price of a troy ounce of gold is determined by over-the-counter trading, where prices are negotiated between buyer and seller. When you look at the gold spot price on a site like Kitco, you will see high and low values. These represent the highest ask price and the lowest bid...
The net result of his statements today took gold from its intraday high roughly $18 above current pricing, to its current price just below $1960 per ounce. The primary reason that gold continues to trade higher in light of a much more aggressive Federal Reserve is the current level of ...
where even the Nifty Fifty companies failed, gold is a safe bet. The price of gold (normally evaluated in dollars) moves in the opposite direction to the greenback. Reason, if the US currency gains in value, then it takes fewer dollars to purchase a small amount...
The tussle between sellers and support for Wall Street is still far from over. Gold London PM fix – Dollars Gold price – London PM fix, last = $1889.80 (www.kitco.com) The invasion spike to above $1900 last week was fleeting, with the price of gold under renewed attack and back...
million people had lost their jobs. This is not the case today. Back then, new unemployment claims – a sign of layoffs – spiked to astronomical levels. These days, they’ve been hovering near historic lows. So today, these people are working,andthey’re falling behind on their debt ...
Evans said, "Fifty is obviously worthy of consideration; perhaps it's highly likely even if you want to get to neutral by December." The net result of his statements today took gold from its intraday high roughly $18 above current pricing, to its current price just below $1960 per ounce...