Markets are manic right now. As far as gold is concerned, let's take a look at the big picture of historical gold price performance. 5 years ago, Gold spot price was at $875 and today Gold spot price is around $1,590 - that is a 81.7% increase. Our recommendation: Diversify! (graph from Kitco)
GOLD PRICE CHART. (USD) - Gold Price ticker is updated every 10 minutes to reflect the current spot gold price and the chart will display the gold history for the gold price today with your choice or 1 month, 3 month, 6 month, 1 year, 5 year and 10 year gold price history graph.
Bloomberg Composite Gold Inflation Adjusted Spot Price – 1970-2011 (my note: Its hard to say from this graph how many of the recent investors are big movers such as Central Banks hedging against currency exchanges, and how many might not really have a clue why they bought gold. "It is generally accepted that the price of gold is closely related to interest rates. As interest rates rise the general tendency is for the gold price, which earns no interest, to fall, and as interest rates…
9/3/2015 #GOLD | Gold prices dropped to the lowest level in more than three months on Friday, as solid U.S. nonfarm payrolls data boosted expectations that the Federal Reserve will start raising rates sooner rather than later. Read more at iFOREX