Price of Gold Signals Investors to Buy

gold prices signal time to buy goldWith record movement in the price of gold in recent months, there have been questions about the finding the right time to buy or sell gold investments. Movement on the stock market today have many investors looking at gold prices as a signal to invest and buy gold.

Gold price closed out the day down just over $85 at about $1577 per ounce. With the price of gold below the $1600 per ounce mark, it appears to be an opportune time to get into gold for those who have been waiting or missed out before recent record climbs in precious metals.

Oil prices which had spike above $100 per barrel on rumors that Iran was imposing a naval blockage of oil ships, are back down today. The rumors were quickly confirmed false by both the U.S. and Iran yesterday. The price oil was down today in trading by a little over $5 to just over $94 per barrel.

Overall the markets were down today with the DOW down about 131 to about 11823, and on the NASDAQ the stock market closed down for the day by just under 40 points to 2539. The S&P closed out down just shy of 14, at 1211.

About Ed Dixon

Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com