Blog

Gold prices are primarily affected by global supply and demand. Since 2011 began, supply has been declining while demand has been on the rise. The result has been a steady upward trend in the market price for gold with only a few short-term price dips. Today, the price of gold has been hovering around $1,542.40/ounce.

May 23, 2011, Los Angeles – Gold bullion prices rallied 1.16 percent or $17.30 to finish the week at $1,511.80 an ounce as the U.S. reached its $14.3 trillion federal spending limit last Monday with Congress no closer to an agreement on raising the borrowing cap. The price of silver lost 0.88 percent or $0.31

Los Angeles – Gold bullion prices inched down just 40 cents to close the week at $1,494.50 an ounce while gold continued to consolidate. Silver slipped 0.65 percent or $0.23 to end the week at $35.37 an ounce, as the gold-silver ratio rose to 42.25 and silver underperformed gold for the week. Precious metals got

May, 9, 2011, Los Angeles – Gold bullion prices dipped 4.37 percent to $1,494.90 an ounce last week after the commodities sector saw its worst weekly slump since 2008, meanwhile, astute investors used the pullback in the gold price to boost their holdings of physical gold. The pullback in precious metals last week was not