Gold News: Slight Decline due to Suspected Interest Rate Hikes
As of September 12, 2016 at 7:27AM EST, the price of gold was $1325.88
As of September 12, 2016 at 7:27AM EST, the price of gold was $1325.88
In the latest gold news: U.S. Gold Futures were up by 0.3% at $1,331, while spot gold was up 0.1% at $1326.78 an ounce.
As of August 22, 2016 at 6:22AM EST, the price of gold was $1319.09
As of August 22, 2016 at 6:39AM EST, gold was selling at $1335.30 per ounce
Throughout the year, gold prices were galvanizing contrary to analysts’ predictions. Gold is up about 23% from its price one year ago. Analysts were expecting the interest rates to increase which would make the economy and dollar stronger and gold weaker.
As of August 15, 2016 at 7:25 AM EST, gold was selling at $1339.70 per ounce
As of August 8, 2016 at 5:04 AM EST, gold was selling at $1331.80 per ounce
As of August 1, 2016 at 4:45 AM EST, gold was selling at $1348.62 per ounce.
As of July 25, 2016 at 2:44 AM EST, the price of gold was selling at $1317.38 per ounce.
As of July 11, 2016 at 2:33 AM EST, the price of gold was selling at $1328.68 per ounce.
As of July 11, 2016 at 2:30 AM EST, the price of gold was selling at $1366.37 per ounce.
As of July 4, 2016 at 3:45 AM EST, the price of gold continued to climb and was selling at $1346.89 per ounce.
As of Monday June 27, 2016 at 2:50AM, the price of gold rose 0.8% and was selling at $1326.80 per ounce.
It was a shaky week for Gold, but overall the price has still been rising. A few key events transpired that led to this movement.
The price of gold has continued to rise this week, boosted by a weakened dollar. Indeed, with the latest figures on US employment, investors rushed toward the precious metal.
Latest Gold News: The World Is Changing And We Are Changing With The Gold Policies Of China
Futures of the precious metal, gold, fell for an eighth-straight daily drop.
Gold settled at a second straight weekly loss, as the expectation for an increase of U.S. interest rates as early as next month grew.