Gold prices reached a record $1,308.90 an ounce Tuesday after earlier price declines and continued low interest rates spurred investors to buy bullion. Gold, which earlier had its biggest intraday decrease in more than two months, reached a record high for the eighth time in two weeks.
Gold prices slipped Wednesday after closing at a record high in the previous session. Prices have risen sharply over the past three weeks as the euro has come under pressure.
The price of gold has been on a tear for the past decade, rising 400% since 2001. Now, with the direction of the U.S. economy unsure, investors are still adding gold to their portfolios. Jennifer Ropiak of the NYSE Liffe U.S. talks about how you can diversify your investments with the yellow bullion.
The first half of 2010 has been anything but dull for exchange-traded fund investors. ETF assets in the U.S. decreased 0.4% to $772 billion as of June 30, but that actually indicates a serious inflow of cash: Equity markets, as measured by the S&P 500, fell 8.9% during the period.
With the price of gold now at a three-month low, is investing in the precious metal a smart move? While gold has been a stellar investment over the past decade, James Altucher says you can do better. In this short and frank video, he discusses silver, gold and stocks and tells you where he sees upside potential.
Not sure whether the economy is turning up or down? Because of its industrial applications and its inherent value as a precious metal, silver may offer a portfolio protection in both recession and recovery.
With fear about the future and mistrust of government on the rise, more investors are buying gold. But they should tread with caution: Gold bugs pitch the precious metal as a safe economic hedge, but the sellers' shenanigans could cost you a bundle.
Gold's short-term upside depends more on fear than fundamentals. The other side of that trade is a bet on global growth. And based on the performance of the economically more useful metals, such as copper and silver, the bulls are winning.
