Archive : Gold Prices

In the free market system the world follows today, gold can be treated as a currency. It has exchange rates that are affected by trends in the market. You can store gold for days of economic uncertainty or have it exchanged for normal paper currency.

If we look at the comparison between gold and silver then since centuries gold has been the leading precious metal in which people are happy to invest in. No matter how the economy is performing, gold is one asset whose value wouldn’t decline since it’s a precious metal. However, today the growth of silver is greater than that of gold but it would soon diminish, bringing back gold in the main frame.

The above few paragraphs make it very clear why in times of uncertainty, investors rush toward gold to safeguard their investments. This time is different, the difference is that central banks around the globe have joined the gold rush of 2009 and this could result in unknown outcomes.

On Monday the euro has shown some advancement, hovering near the $1.50 level in New York trading as demand for the greenback has been hurt by the comments from a Federal Reserve official. The remarks helped in encouraging a broad rally in global stocks, oil, gold and higher-yielding currencies that reversed…

On Wednesday the dollar has shown a drop to a 14-month low against a basket of currencies and the euro, dented by anticipations that solid JPMorgan Chase results and rising stock and commodity prices bode well for…

On Monday, the dollar gained for the second straight session against the yen, as today it has raised to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though there are some investors that…