Gold Prices Falling

Today, gold prices fell to a four month low, thanks in part to more concern over European markets. Where gold got a boost last time from the economic crisis damaging the Euro, with investors fearful that the affects would ripple into the U.S. economy, it seems as though the dollar is desirable this time around (at least more so than the Euro).

Additionally, the enormous trading losses that JPMorgan suffered injured the market, prompting investors to liquidate their gold holdings to cover their losses. This is what caused the aforementioned elevation of the dollar, therefore weakening gold. Learn more here about what affects the price of gold.

Gold slid to $1573.29 per Troy ounce, thanks to these events. You can see how to get the most money for your gold here – although considering the market, we’d advise that you wait it out.

For more on gold’s decline & the metals market, visit JCK.com