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 ...
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 into the $1800s. Yet even with the pull back, it is still quite clear above the erstwhile triangle YD that re...
Back in 2009, people were defaulting on their auto loans and credit cards and their installment loans because over 10 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’...
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...