Tag - gold price

Gold Continuing to Soar as Coronavirus Shows No Signs of Abating

With no real end in sight to the coronavirus crisis, and millions of Americans out of work for an indefinite period of time, the US economy is set to enter perhaps its worst financial crisis since the Great Depression. The effects of the current economic shutdown will be felt...

Why Does Gold Sometimes Drop in Price During a Crisis?

Last week was an absolute bloodbath for markets, as stock markets shed trillions of dollars worth of paper wealth. The Dow Jones lost over 3,500 points over the course of the week, prompting the Federal Reserve Chairman to pledge the Fed’s full support to markets on Friday afternoon. But...

Citi Analysts See Gold Over $2,000 Within 24 Months

It seems like just a couple weeks ago that analysts were predicting gold to end the year at $1,650. But gold was already pushing that level late last week, as fears about the coronavirus and slowing business activity drove a wave of safe haven buying. Now analysts are predicting...

What the Price of Gold Is Trying to Tell Us

After reaching the $1,600 mark last week, gold began to really break out. While many market analysts had expected gold to see major resistance at $1,600, and perhaps some profit-taking, gold took on that barrier and continued to move up. That confounded many who still rely on outdated correlations...

How to Invest in Gold for Retirement

Next to stocks, bonds, and cash, gold is probably the top investment asset when it comes both to investor interest and common curiosity. Cultures across the world and throughout history have valued gold for its scarcity, durability, and use in jewelry and money. Now that gold is no longer used...