Gold prices closed at $1,357.70 on Friday, August 5th. After the Global Financial Crisis of 2008-09 prices peaked at about $1,800 an ounce and there were forecasts for prices to cross $2,000. But gold has declined substantially since that peak to close under $1,400 now. As a commodity similar to oil, the price of gold …
Gold is generally considered as an asset to hold against inflation. During periods of market volatility investors tend to flock to the yellow metal. Today gold for August delivery closed at $1,356 an ounce. Over the course of many decades gold has seem dramatic rises and falls. The following chart shows the price of gold …
Gold prices have declined greatly in the past few years. From a peak of over $1,800 a few years ago it has now fallen to about $1,115 this past Friday. Click to enlarge Source: Kitco The current bear market is in- line with past bear markets. The following table the shows the duration of the past …
Gold prices have declined consistently in the past few years while stocks have soared. At the height of the global financial crisis, experts predicted gold could reach $2,000 easy and even go higher and higher forever. It did not turn out that way. When stocks collapsed investors poured money into gold especially the highly popular SPDR Gold …
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