Gold Hits Record High on geopolitical concerns and rising inflation

Again today Gold hits another all time high record of $1457 an ounce $16 more than the previous high set on march 24th , the causes of this hike are geopolitical concerns the weakness of the dollar and the rising inflation , the public in these cases always looks for a safe haven where to protect their assets gold is becoming more attractive people are literally flocking to gold.

Gold price at a five weeks high

The Gold price closed today on the rise for the fifth session in a row. The futures maturing in April NYMEX gained 0,3% to $1.388,60 an ounce. It was from last January 13 that the gold price did not reach these levels. The price of yellow metal benefited from the unrest in the Middle east and from the weakness of the dollar . Today in many countries in the Middle East there were protests and

Why Gold Prices Plummet Jon Nadler senior analyst at Kitco.com

Why Gold Prices Plummet NEW YORK (TheStreet) - Jon Nadler, senior analyst at Kitco.com, says news out of China and Japan is bolstering the U.S. dollar and hurting gold prices. Stocks in this video: SGOL | GDXJ | GLD | IAU | GDX