Daily Gold Prices
Over the past couple of days, gold has steadily gone up in its inexorable climb, gaining value in all currencies. With speculation about the U.S. Dollar and the faltering of most of the world’s paper currencies, many are still seeing gold as the investment medium of choice. We here at Gold Prices Today Live are well aware of this and are bringing you the latest information.
Yesterday saw the Federal Reserve stating that they did not plan to raise interest rates soon. This caused only a slight bump in the daily gold prices, but many analysts are agreed that gold prices today will continue to rise through the foreseeable future. This bodes well for some who worried about a “gold crash.”
India also announced it’s intention to purchase 200 of the 403.3 tons the International Monetary Fund will be putting on the market to fund its programs. Gold prices daily fluctuation didn’t change with that news, since many worried that a dumping of the IMF gold onto the market would drop gold prices today.
Other central banks such as Russia and China have also announced policies of hedging their currencies with gold, which many think will raise the value of gold further as daily gold prices move to match the limited supply as large purchasers move to secure big caches.
Most analysts are agreed that gold prices daily will fluctuate some, but overall will be headed upwards. Some expect gold to get as high as $2,000/ounce USD by this time next year. That remains to be seen, of course.
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