Gold, in its long history has fueled exploration, innovation, and a speculation in the marketplace. Despite being the most prevalent precious metal, gold is no exception when it comes to the ups and downs of the market.
Gold, in its long history has fueled exploration, innovation, and a speculation in the marketplace. Despite being the most prevalent precious metal, gold is no exception when it comes to the ups and downs of the market. Just like any other commodity, gold can become volatile with rapid price changes and swings. However, today many financial analysts see gold as being in a long-term uptrend and that may potentially be one reason why investors are buying gold right now.
Gold suffered a bad year in 2015, falling another 12% to close the year at about $1,060 per ounce. That put the price of the yellow metal at its worst year-end level since 2008 and extended a three-year streak of collapsing prices for gold.
In contrast, 2016 is a new year and the gold price has already risen by 20% with a high above $1,350 on June 24th.
