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Posts Tagged ‘Gold Prices’

May See Little in the Way of Gold Price Action This Week.

Tuesday, March 23rd, 2010

Gold prices have continued to decline after an initial test of resistance at support-turned-resistance. Price action is testing support at the $1100 figure. Lackluster inflation expectations remain the driving catalyst after the spread between 10-year Treasuries and TIPS (Treasury Inflation Protected Securities) narrowed to 2.21 percentage points.

With many uncertainties in the currency market, the Greenback could start to range trade. Very low volatility is expected in the week ahead on the currency side of things. This could translate into a slow week of sideways trading in commodities and precious metals. Meaning that very little would be expected in Gold price action.

The economic calendar is uneventful until Wednesday, when the US Durable Goods report is scheduled to be released. An uptick of .5% is expected any better than expect release could insight a renewed confidence in the greenback and a spike High in the currency market. This could increase the selling pressure on Gold Prices.

Also of high importance this week is the USD Gross Domestic Product for the 4th quarter. This report will be issued mid-day Friday, and is expected to stay unchanged at 5.9%. As with the US Durable Goods report any significant changes from forecast can trigger strong volatility in the currency markets. That volatility usually trickles over to commodities shortly thereafter.

$1100 has been providing strong support for Gold Prices, and without a strong change in fundamentals, and additional selling pressure, it well hold.

Ronald Stevens

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Things are Looking Golden in Commodities

Thursday, March 18th, 2010

Gold has been trading sideways since December, but all signs are pointing towards another gold bullish cycle. Ben Bernanke and company kept the benchmark interest rates at .25% this week during the FOMC meeting. In addition, the commentary still maintained a very dovish undertone.

All though there was a zero percent chance of a rate hike, investors where paying particular attention to the Central Bank’s Policy Statement. When the US Federal Reserve did not update their language in today’s commentary – reiterating that they will be keeping rates “exceptionally low for an extended period of time”- investors started turning back to commodities to hedge their positions.

Gold prices have modestly recovered from support at the $1100 level – ahead of resistance marked by a swing high on 03/03. This weeks policy statement could be the catalyst Gold needed to induce heavy buying, and start the next bullish wave.

On the technical side gold has been building a bullish base. Specifically, the base appears to be a complex head and shoulders (the head itself is a head and shoulders pattern). In order to complete the pattern, gold would need to break above 1146.

Fundamentally and technical gold looks to be strongly positioned for another bullish run. Today’s outcome should continue to keep pressure on the greenback and with the situation in the Euro-zone still uncertain the metal used as a safe haven in times of uncertainties should enjoy continued strong buying from investors world-wide.

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Gold Prices

Tuesday, February 23rd, 2010

Few people would argue that economic fear has a powerful effect on gold prices, as many investors revert to physical precious metals holdings to protect their wealth during long periods of economic upheaval, and the subsequent fear that it perpetuates. This gravitation toward precious metals investing creates an increased demand, and consequently, higher gold prices, while the value of the printed currency that gold backs adjusts to interest rate manipulations, and inflation. For these reasons, savvy gold investors closely survey indicators like dollar values (which historically move oppositely to gold prices), as well as various global economic developments to aid their strategy.

For example, consumer prices for the month of January weren’t as bad as many had feared, and our Federal Reserve has yet to raise interest rates. This momentary reassurance has helped to boost the gold spot price above the $1,125 per troy-ounce resistance level, as some investors initially feared that the Fed would raise interest rates sooner than expected. What’s more, Chinese markets were closed all of last week because of the Lunar New Year celebration, which historically prompts more gold buying. Now that markets are again open in China, demand for gold will greatly affect whether the spot price will remain above $1125, or decline to lower levels.

The gold spot price was at $1115.20 per troy-ounce at around 1:30 EST, after reaching a low of $1111.30, earlier Monday morning. Those with questions over gold’s spot price fluctuations are encouraged to contact one of our friendly specialists, who offer world-class consultation on precious metals investing, as well as institutional discounts on gold bullion, and certified rare gold coin.

Ronald Stevens

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Gold Bullion Prices

Monday, February 8th, 2010

Gold bullion prices generally hover slightly above the current gold spot price, but prices for 24-karat, one-ounce bars are closer to that price than bullion coins, which are not only far more intricately minted, they are also minted in both 22, and 24-karat purity.

The gold spot price represents the cost of one troy-ounce of pure gold, which is why modern bullion coins generally contain that exact amount of the precious metal. The gold spot price fluctuates regularly each hour, according to global demand, which is why short-term investors use bullion as a potential profit vehicle. Gold bullion prices naturally are higher for 24-karat coin purity than for 22-karat fineness, and American Eagle bullion coins are the only such 22-karat coins that are U.S. government-approved for gold-backed IRA storage.

Precious metal IRAs are a viable option for long-term investors, who cannot afford rare gold coin prices. Rare coins aren’t permitted for precious metal IRA storage anyway, and since bullion is completely devoid of the numismatic value that makes rare coins so costly, it makes sense for investors to capitalize on bullion’s affordability for their long-term security.

Prospective buyers who are interested in opening a gold-backed IRA, are encouraged to contact a reputable, large-volume precious metals exchange, with an A, or better approval from the Better Business Bureau. These exchanges are staffed with experienced specialists, who can help each investor customize his or her own government-approved, gold-backed IRA, and answer any questions that may concern them.

Those who have completed their research are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion bars and coins to household investors like you.

Vic Fox

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Gold Coin Prices

Friday, February 5th, 2010

Interpreting gold coin prices requires a bit of fundamental knowledge, so prospective buyers are encouraged to research the various benefits of investing in both bullion, and rare gold coin. Most experienced investors generally recommend a diversified balance between the two types of gold coin, with rare coins being used for long-term financial protection and security, and bullion coin being used as either a short-term diversification, or as a potential short-term profit vehicle.

Rare gold coin prices are so high because rare coins possess numismatic value, which has the potential for dramatic appreciation during long-term economic recessions. It is wise to officially certify the numismatic value of rare gold coins like Double Eagles, and only the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation) should be trusted for numismatic certification. Normal holding periods for these long-term, numismatic rarities are a minimum of fourteen months or so, which is why investors must be sure of their financial needs, before committing to any precious metal investment.

Gold coin prices for bullion coins generally hover slightly above the current gold spot price, and bullion coin prices are also determinate on whether a bullion coin possesses 22, or 24-karat purity. Naturally, 24-karat purity commands slightly higher premiums, but this choice is matter of personal preference.

Resourceful investors can avoid paying sky-high retail prices for their bullion, and certified rare gold coin by contacting one of our friendly specialists, who offer institutional discounts on these coins to household investors like you.

Vic Fox

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Gold Prices

Thursday, January 7th, 2010

A peek into gold investment history could benefit a great many prospective buyers with some insight, as it shows that gold prices tend to appreciate during economic cycles when dollar values remain speculative. This historic, inverse correlation between dollar values and gold prices has influenced multitudes of today’s investors into converting their wealth from stocks and bonds into physical precious metals investments.

One-ounce bullion bars carry the lowest gold prices due to their simplicity, and reputable brand names for 24-karat purity include Engelhard, Johnson Matthey, Credit Suisse, and PAMP Suisse. These items carry prices that hover just above the current gold spot price, which represents the cost of one troy-ounce of pure gold.

Bullion coins are a bit more costly than bars, and are available in 22, and 24-karat purity. Patriotic U.S. investors tend to gravitate towards modern, 22-karat American Eagle bullion coins, because they hold a full troy-ounce of pure gold, and our U.S. government backs their weight, and precious metal content. Those with a taste for 24-karat bullion purchase American Buffalos, although there are one-ounce bullion coins from around the globe, which include Australian Kangaroos, Koalas, and Lunar coins. Other 24-karat coins include Chinese Pandas, Austrian Philharmonics, and Canadian Maple Leafs.

All of the aforementioned bullion items can be used for short-term profit gains, or as diversifications for rare coins like Double Eagles. $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins are also commonly known as Double Eagles, and investors are encouraged to research their long-term benefits. They are then encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion and rare coin to household investors like you.

Vic Fox

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Gold Coin Prices

Thursday, December 17th, 2009

Even though bullion gold coin prices are significantly more affordable than rare gold coin prices, it is beneficial for investors to purchase both types of coin to maximize their investment potential. Since bullion coins have no numismatic value like rare coins have, bullion coins like American Eagle, 22-karat coins’ prices generally hover just above the current gold spot price, while rare coins like Double Eagles’ prices are substantially higher. Double Eagle coins are rare, 22-karat, $20 Lady Liberty, and $20 Saint Gaudens gold coins, and today’s investors are flocking to these coins for long-term financial stability, and immeasurable peace of mind. The inherent numismatic value of these coins has appreciated impressively throughout anemic economic interims in the past, which is why investors pay high prices for their proven, protective properties, and potential for future profit.

Certified gold coins command increasingly higher gold coin prices with correspondingly higher “mint state grades”, which designate a rare coin’s numismatic value. Investment-quality Double Eagle coins typically carry mint state grades that range between 61, and 66, and buyers are advised to only trust numismatic certifications from either the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation). Gold traders tend to give preferential treatment to these two numismatic certification pioneers, which typically equates to higher liquidation prices for long-term holders. Once investors have completed their research, they can avoid paying jaw-dropping retail prices for their American Eagle bullion, and Double Eagle rare coin by contacting one of our friendly specialists, who offer institutional discounts on these, and many other gold coins to household investors like you.

Vic Fox

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Gold Market Prices

Friday, December 11th, 2009

It should come as no surprise that different types of gold investment carry various gold market prices, so physical gold investors are advised to arm themselves with as much knowledge as possible before considering any serious precious metals investment. Minimal research will reveal that physical gold investments are primarily segregated between bullion and rare coin gold market prices, with bullion being the vastly more affordable of the two types. Since bullion bars and coins possess no numismatic value like rare coins do, their prices generally tend to hover just above the current spot price, which is the cost of one troy-ounce of pure gold.

Bullion bars carry slightly lower gold market prices than bullion coins, because of the simplicity of their minting. Reputable brand names for one-ounce, and/or ten-ounce, 24-karat bars include Engelhard, Johnson Matthey, Credit Suisse, and PAMP Suisse. Bullion coins like 22-karat American Eagles can be used along with the aforementioned bullion bars as long-term, gold-backed IRA contributions, along with a variety of 24-karat, international bullion. These bullion coins include our own American Buffalos, along with Chinese Pandas, Canadian Maple Leafs, Austrian Philharmonics, and Australian Kangaroos, Koalas, and Lunar coins.

All of the above bullion items also make ideal diversifications for rare, Double Eagle coins, which are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins. These coins are premier vehicles for wealth preservation during turbulent economic cycles, because their numismatic value is historically proven to appreciate over time. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare coin.

Vic Fox

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Gold Prices

Wednesday, December 9th, 2009

Gold prices have historically been especially beneficial for precious metals investors throughout long-term economic recessions, and many of today’s investors are harnessing progressively rising gold prices for their long-term financial safety. These trend-savvy investors are purchasing rare coins like Double Eagles for long-term financial protection, and diversifying their rare coin holdings with more affordable bullion items like 22-karat American Eagles, which contain a full troy-ounce of pure gold. Bullion is an ideal diversification for costly rare coins because its’ prices hover just above the current gold spot price, which represents the cost of one troy-ounce of pure gold. Investors should balance their diversification between bullion and rare coin holdings according to their short-term and long-term financial needs, which can only be ascertained through careful, honest financial evaluation.

The aforementioned Double Eagle coins are rare, $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, minted from 1850 to 1907, and from 1907 to 1933, respectively. These coins contain nearly a full troy-ounce of pure gold, but their numismatic value is why these coins command such high premiums. For this reason, it is wise to officially certify the numismatic value of rare coins with “mint state grades” from either the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation), as they are the world’s foremost authorities on rare coin assaying. Investors can avoid paying jaw-dropping retail prices for their American Eagle bullion, and Double Eagle rare coin by contacting one of our friendly specialists, who offer institutional discounts on these and many other items to household investors like you.

Vic Fox

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Spot Gold Prices

Friday, November 20th, 2009

It’s always beneficial to be abreast of the latest spot gold prices, since today’s volatile economic atmosphere seems to be capable of virtually anything. The last few years have been particularly destructive for traditional investors in stocks and bonds, and more and more of these investors are lending momentum to the current gold investment trend. This dramatic influx on gold investors into the precious metals market has resulted in repetitive record setting spot gold prices throughout the past four weeks. Experienced precious metals investors have been preparing for the current trend since 2001, with diversifications between rare coins, for long-term financial safety, and bullion bars and/or coins, as short-term profit-taking vehicles.

Bullion bars carry the premiums that are closest to the current spot gold prices, due to their uninspiring form and absence of numismatic value. Reputable brand names for bullion bar 24-karat purity include Johnson Matthey, Engelhard, Credit Suisse, and PAMP Suisse. Bullion coins like 22-karat American Eagles are only slightly costlier than bullion bars, and 24-karat bullion coins like Australian Kangaroos, and American Buffalos are a bit costlier still. All of the aforementioned bullion items can be used as hedges for rare Double Eagle coins, which are proven safe haven investments throughout long-term economic crises like today’s. Double Eagles are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat rare gold coins, minted from 1850 to 1907, and from 1907 to 1933 respectively. Investors can receive institutional discounts on their American Eagle bullion and Double Eagle rare coin by contacting one of our friendly specialists, who offer these discounts to household investors like you.

Vic Fox

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