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The price of gold has seen an instant boost following the reelection of President Barack Obama. Comex gold slumped last Friday to $1,675 but rose on Tuesday of this week to $1,724.30. The reason for last week’s price drop was linked to speculation that the labor market could improve in the coming weeks and months, […]
According to Forbes contributor Tom Aspray, there is definitely a bearish sentiment in the gold market this week. He also doesn’t feel that gold has completely corrected, yet he acknowledges that August, September, and October usually see gold at its highest demand. Aspray also indicates that over the long-term gold will probably gain in value. What he […]
According to a recent AFP report, cash for gold shops throughout Italy have been receiving high volumes of business as Italian citizens seek creative ways to supplement their incomes. The most popular items going sold at market rate are gold medallions, gold jewelry, gold watches, and gold pieces. Interestingly enough, Italy has historically had the […]
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