Weekly Gold Price Recap: December 29 – January 2, 2015

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,181.40 Close: $1,182.60 | High: $1,205.70 Low: $1,171.50 Gold opened the week with 2 percent losses after last Friday’s gains. The dollar was strong, and stocks fell as Greek lawmakers did not succeed in electing a new president. The next election will be January 25. Concern remains about Greece’s weak economy in the euro… Read more »

Will Russia Change to the Gold Standard?

Posted filed under Precious Metals News.

dmitry medvedev gold bricks

The government of Russia may start using the gold standard to back its currency and strengthen the less than stellar ruble, say analysts. Currency experts who are watching the situation with the ruble predict that it won’t be long before Russia is forced to dip into the nation’s gold reserves in order to shore up… Read more »

Will 2015 Be A Good Year to Buy and Own Gold?

Posted filed under Consultants Corner.

gold bullion bar and coins

Gold may have finished 2014 on a down note, but analysts still see the yellow metal as one of the best safe-haven investments heading into 2015. With thousands of years of history behind it, gold should be primed as a strong buy early this year. According to The Telegraph, experts predict gold will continue to… Read more »

2014: Looking Back at the Year in Gold

Posted filed under Consultants Corner.

price of gold chart 2014

Sit back in your favorite chair, pour yourself a glass, and take a retrospective look back to the year that was. There is a day left before 2014 ends and 2015 begins. Even if you have a bad memory, some things happened in 2014 that are hard to forget. ISIS and Ferguson dominated the headlines…. Read more »

Weekly Gold Price Recap: December 22 – December 26, 2014

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,174.00 Close: $1,195.30 | High: $1,198.50 Low: $1,172.00 Gold lost 2 percent at the beginning of the week due to rising oil prices. On Monday, when crude oil prices went back up to $55 per barrel, gold suffered some losses, which also triggered some sell stops before the Christmas holiday. The dollar also opened… Read more »