Price Of Gold- July 14, 2011

The price of gold is nearing new records today as it currently stands at almost $1600 an ounce. Today’s price of gold is $1590.52 per ounce, a mere $10 dollars short from a price never before seen in the market for gold. The incre asing value of gold has continued to prove gold’s precious rarity and value over time.

The overall performance of gold continues to play well in the market and has proven to show steady growth. In the last 30 days alone, gold has shown a 4% (or $60 dollar) increase. If the trends in gold pricing continue to escalate, we may be saying a new world record sooner than we think.

The growing price of gold means that there has never been a better time to get the most money for your unused or unwanted scrap gold pieces. Don’t let scrap gold go to waste, get real cash for scrap gold and trade unwanted gold for cash with Cash4gold.com.

Charts provided by: http://goldprice.org/

Gold to Go Down and Back UP - Get Cash4Gold

It was reported last week that gold prices have climbed in New York.

According to Bloomberg, last week gold climbed as other equities tanked internationally. Even though the precious metal silver has fallen, gold is still being sought as a safe-haven with the financial crisis.

U.S. Treasuries were up due to investors flocking to government securities due to the worldwide fallout from the market.

Even though gold has experienced a 17% drop in October, the largest drop since March of 1980, both gold and silver are being predicted as “bearish” by analysts internationally. Silver prices fell 2.2% to $9.295 an ounce last week. Additionally, the euro, last week reached a 2-year low of $1.2497. This is following the record-high of $1.6038 July 15th. As a result, gold is expected to do well as global demand has been reduced on most commodities and raw materials. The majority of global gold refiners are operating at full capacity.

Analysts warn investors to be patient with gold investments. It is predicted that gold may trade down to $600 an ounce before increasing in order to adjust for the value of the dollar.

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