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Gold News Gold prices moved higher on Monday, as a weaker dollar and worries about the economic outlook boosted the precious metal. Spot gold was up 0.9 percent at $1,867.27 per ounce. U.S. gold futures rose 1.1 percent to $1,873.90. The dollar index fell 0.3 percent against a basket of currencies, making gold less expensive for holders of other currencies. Gold Articles The Benefits of Owning Gold Gold has been used as a form of currency for centuries and continues to be a popular investment today. Despite its intrinsic value, gold also offers several other benefits that make it a desirable asset. Gold is a hedge against inflation, has a long-term store of value, and its price is not affected by the fluctuations of the stock market. How to Start Investing in Gold Investing in gold can be a great way to diversify your portfolio and protect your wealth. Gold is a valuable asset that holds its value over time and can be used as a hedge against inflation. There are several ways to invest in gold, including buying physical gold, gold futures, gold ETFs, and gold mining stocks. Each method has its own risks
Gold prices are heading for their third weekly decline after experiencing a surge in early May, soaring to a 33-month high of $2,085.4 per troy ounce. Hawkish comments from Fed officials, strong … Read Full Story at source (may require registration)
Gold and silver prices faced downward pressure last week due to a strengthening dollar. Gold depreciated 1.5% to $1,946 per ounce, while silver dropped 2.1% to $23.3 per ounce. On MCX, gold futures … Read Full Story at source (may require registration)
Rulers found out early on that they could debase gold and silver coins for their own gain. As a consequence, the money supply increased, whereas money’s purchasing power fell. This pseudoalchemy is the true definition of inflation and has been a policy for more than a thousand years.
We asked the CFO of Kyle Mufti Holdings Inc. to provide conflicted investors a balanced perspective on two merging markets. Kyle, thank you for joining us in this week’s interview. We’re looking … Read Full Story
Gold prices edged up from two-month lows on Friday, helped by a dip in the U.S. dollar as traders assessed the progress of U.S. debt ceiling negotiations and the Federal Reserve’s rate hike path. Read Full Story at source (may require registration)
US Debt crisis is currently driving the movement in the US dollar and gold prices in global market. Which direction can these two move in the coming week, find out here: … Read Full Story at source (may require registration)