Current Gold Prices
A quick look at current gold prices shows that they continue on their rise as the economy declines. Looking at gold bullion prices over the past year, we saw a peak in July and August of 2008, a big drop the next month, a general rise, then another drop in November/December. Since then, we’ve had a steady rise with a spike in mid-February.
Gold prices today are still over $900 per ounce for gold bullion prices. Looking more closely, we’re on another rise right now in March with both 9-day and 18-day average means on the rise. Current gold prices are likely to keep rising, by most market analysists’ opinion, for the forseeable future.
Overall, of course, gold bullion prices are generally rising over time at all times. At least when compared to the fiat currencies of today’s economies. Looking at gold bullion prices ten years ago, we can see that current gold prices are much higher. In 1998, for example, the year closed with gold bullion prices at just under the $300 mark (per ounce) while gold prices today are working close to the $950 mark (per ounce).
All three trends for long term gold bullion prices–daily, 100-day, and 200 day mean averages–are on the rise. This steady increase is what makes gold investments so appealing to so many investors.
Of course, gold prices change daily, so the gold price quoted here might not be the gold prices today when you’re reading this. Check current gold prices, market trends for the short term, and so forth before making any investment decision.
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