Natural Diamond Prices – March 2023
PriceScope is your go-to resource for learning about the current state of the diamond market. We discuss how socio-economic implications such as the current recession affect consumer buying behavior and…
By Erika W.
The price of gold soared to a record high of $1,722.40 per ounce on August 8, 2011. The gold price is now on par with platinum, which was trading at a spot price of $1,712 per ounce today. In a recent Bloomberg interview, John Taylor, founder of FX Concepts LLC, predicted gold prices will reach $1,900 per ounce by October of this year.
Kitco News – Kitco Metals Roundup: Comex Gold Soars to Record High Above $1,722 as Traders Flee to Safe-Haven Assets
Comex gold futures prices ended the U.S. day session in very strong fashion and hit another all-time record high of $1,722.40, basis December futures, as of this writing. The precious yellow metal saw strong safe-haven investment demand after the U.S. got a credit downgrade late Friday and as the European Union attempts to contain its own escalating debt crisis.
Wall Street Journal – Gold Price Hits Parity With Platinum
The price of gold stood at parity with sister metal platinum for the first time since the end of 2008, as the yellow metal’s value soared to a new record.
Mitsui analyst David Jollie said the closer price levels now held by the pair will “be interesting for the jewelry industry in particular, where there is some competition between gold and platinum.”
Diamond and Jewelry News Roundup – July 2011
Gold Price hits new high – $1,500
Rising Retail Diamond Prices – Mid-Year Review
Discuss rising gold prices on the Forum.