Marc Faber, publisher of the Gloom, Boom & Doom Report, said last week that the stock market is headed for a crash worse than the one seen in 1987. What's a precious metals investor to do?
Articles Tagged "united states"
Gold dropped 0.3 percent or $3.90 to $1,298.80 an ounce on Monday, according to Reuters.
For over 3,000 years, the most reliable asset for wealth protection has been physical gold and silver bullion.
This morning, gold rose 1 percent, or $12.91, to trade at $1,291.65 per ounce. Meanwhile, US gold futures for April delivery rose $11.40, to $1,291.40 an ounce.
Gold rose slightly, by $4.02, to trade at $1,341.60 per ounce this morning. Meanwhile, US gold futures rose $3.90, to $1,315.30 per ounce.
This morning, gold dropped 1.2 percent to trade at $1,317.14 per ounce. Earlier in the day, the metal fell to $1,314.14 per ounce, its lowest price since February 20.
Gold dropped for the third consecutive session today, falling $1.94, to $1,353.70 per ounce. Meanwhile, US gold futures sank $5, to $1,354 an ounce.
This morning, gold fell $6.36, hitting $1,359.98 an ounce, as investors exercised caution prior to the US Federal Reserve's upcoming meeting.
Mineweb reported that according to the US Geological Survey, preliminary 2013 US gold production numbers indicate that the country put out 7,426,822 troy ounces last year, 128,602 troy ounces less than the 2012 total.
Early in trading today, gold hit a six-month high of $1,391.76 an ounce before settling at $1,380.05. US gold futures also hit a high earlier this morning, later sinking to $1,378.80 an ounce.