July 20th, 2011

Gold Prices Up … No, Down … No, Up

On July 18, the price of gold settled at $1,602.40 an ounce. That’s a record for the metal’s market price, but below its 1980 peak after adjusting for inflation.

Gold looks more promising by the day because right now, the dollar and euro are both shaky. Investors believe that gold is safe for other reasons, too, and that belief is what’s driving up the price. But a different set of (believable) circumstances could cause the price to fall. For the entire story, check out this article by the Washington Post.

Blog . Gold and silver . Market