Not that they are worth much these days. Gold, in fact, is headed for a second consecutive year of drops.
Gold price drivers Mining News
If anything, experts agree gold will continue to build on last week's gains.
The rating agency reduced its 2014 forecast for average gold price from $1,200 to $1,100/Oz and from $20 to $18/Oz for silver.
Final goal is to store half the national reserves of the precious metal, or about 3,400 tons, in its own vaults by 2020.
Gold prices hit a 5-month low, and is now within shouting distance of the psychologically important $1,200 level and the three-year low of $1,180.
The world's top three gold producers—Barrick Gold, Newmont Mining and AngloGold Ashanti—have all logged higher outputs in their latest reports.
Weaker-than-expected U.S. jobs data dampened expectations that the Federal Reserve will start to taper its bond-buying program in the coming months.
India also increased the import tax on silver to 10% from 6%
President of New York-based investment brokerage firm Damon Vickers & Co., tells investors to sell the rallies and look for more downside.
The gold pendulum is swinging fast these days: bullion down to $1,286 at 8:30 am ET.
US companies added 162,000 in July; unemployment at the lowest in five years.
The cofounder and chairman of Roubini Global Economics, also known as Dr. Doom, said this week’s US Federal Open Market Committee meeting drive gold prices lower.
The new vault can hold up to 200 tonnes of gold bullion.
The precious metal dropped below $1,575 an ounce and Goldman Sachs cut its 2013 gold price forecast for the second time in six weeks, to $1,545 an ounce from $1,610.
Experts say the average price of gold is expected to fall this year for the first time since 2002.
Despite the fund's mounting losses, Paulson is sticking to his gold theory.
The markets exhibit patterns that are as easy to track as the planets’ paths, says Malcolm Bucholtz, who trades in the financial markets using technical charts, esoteric mathematics and astrology.
Amid unstable financial times and economic woes, gold is once again a safe haven for European investors.
Gold will surge to new highs this year, a push upward that will cause a big rally in the depressed shares of precious metals miners, says John Hathaway, portfolio manager at New-York based Tocqueville gold fund.
Gold price targets of $2,000 an ounce and even higher are in sight as the global financial crisis and geopolitical concerns continue to foster short and long-term demand for precious metals.
Gold prices dived Tuesday to 1,684/oz at 12:15 ET as fiscal cliff talks continued ahead of the holiday week.
Hinde Capital CEO Ltd. and manager of the Hinde Gold Fund, Ben Davies, says gold's recent decline is over and claims the market will continue to stabilize from here.
Gold prices eased nearly 1 percent on Monday, pulling back from the previous session's 6-1/2 month high, as the dollar rose and assets seen as higher risk, like stocks, the euro and other commodities like crude oil, retreated.
Precious metals prices rose further Thursday morning in London, pushing higher from last night's sharp jump in New York, with Dollar-priced gold trading at its highest level since mid-November at above $1780 per ounce.
Gold bounced off the low $1,320 while the euro continued to rise.