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Gold seemed to fizzle out at the end of 2013, with the Federal Reserve cutting back $10 billion on its bond purchases and a 28% annual drop in gold prices. These factors led many to question gold’s future as a desirable, physical asset that carries value and preserves wealth. However, demand is essential to the

There has been buzz in the media that the price of gold may have been subject to manipulation in the past decade or more. This price fixing however seems to be inconsequential to David Lutz, leading strategist for Stifel Nicolaus, who recently stated “I can easily see us overtaking $1,600 an ounce.” Here is a

Gold started the week around $1,330 per ounce and is up about 9% for the year. It saw gains and losses through mid-week and is now set to level out right where it started on Monday. While fluctuating gold prices may strike fear into some, keep in mind that countries like the United States, China,

The debt ceiling was suspended on Wednesday to $17.2 trillion by a 67-31 vote by the Senate that will stay in effect until March 15, 2015. The previous debt ceiling suspension expired in early February, forcing lawmakers to take action. The debt ceiling was ultimately suspended to keep the government from running out of funding

February has shown some light on gold with its value rising early in the month from $1,250 per ounce to $1,275 today. This streak is considerably better than the tail end of January, when prices had slumped to almost $1,240 per ounce. Here’s a look at some factors that may be contributing to gold’s February