Trump Gifted Gold Crown in South Korea
Digest more
Gold Price Falls
Digest more
Gold's price continued to decline this week. Here's how investors can take advantage of this timely opportunity.
Bullion prices surged more than 30% over the four months leading up to last week’s record high, as well, with data from Bank of America’s “Flow Show” report noting that inflows into gold portfolios over that time period outpaced total inflows tallied over the past 14 years.
The Philippines built up its holdings when gold traded around $2,000 per troy ounce. Prices have since more than doubled.
Gold prices inched higher on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although easing U.S.-China trade tensions kept bullion strength in check.
Less than a day after gold soared to another record high, prices for the precious metal plunged — marking the biggest sell-off in years.
By Brijesh Patel (Reuters) -Gold prices regained some lost ground on Tuesday, rising above the $4,000-per-ounce level as a weaker dollar and expectations of further Federal Reserve rate cuts outweighed pressure from signs of a thaw in U.
Gold has seen a sharp selloff in the past week, and with the Federal Reserve expected to cut benchmark interest rates, investors could be missing an opportunity to buy the precious metal at a bargain price.