The spot price of gold passed the $1,500 benchmark on Aug. 7—for the first time since 2013—suggesting the industry is seeing a second gold rush. At press time, the yellow metal was trading at $1,507 an ounce, after closing yesterday on the Comex at $1,472 an ounce. Overall, the price of gold has climbed more than…
Tag: metal
Gold Price Hits Highest Level in Over 5 Years
Are we on the verge of the gold rush—the sequel? On June 20, the spot price of gold soared close to $1,400 an ounce, the highest level the yellow metal has hit more than five years, fueled by investor worries about the economy and continued global instability. At press time, the metal’s spot price was $1,390…