So much for gold being a safe investment in times of market volatility.
With the Federal Reserve pledging to keep interest rates ultralow and geopolitical risk running high, investors seeking inflation hedges continue to pour money into commodities such as gold and oil. And exchange-traded funds, which are highly liquid and easily accessible, are the vehicle of choice. The wildly popular SPDR Gold Trust, for instance, now holds about $70 billion in assets, making it second in size only to the SPDR S&P 500 among ETFs.
I invested in a gold ETF over the past three months and have suffered losses. Should I hold my positions and hope for better days ahead? Or should I cut my losses now? -- S.B.
Even near record high prices, gold hasn't lost its luster ... especially in Europe.
Gold seems to be regaining its luster. The precious metal has rallied more than $100 in less than a week as investors turn to the precious metal as a safe haven amid concerns about Europe and signs of slow global economic growth.
Gold officially lost its status as a safe haven last Friday, when the precious metal inked its sharpest drop since 1980.
European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionised the bullion market.
Gold prices recovered from earlier losses Thursday to close modestly higher after a major sell-off Wednesday.
Gold prices have been on a tear lately, topping a fresh record high above $1,900 an ounce early Tuesday-- just two weeks after rising above $1,800.
Gold prices are again marching in record territory, nearing $1,830 an ounce, as the global economic picture gets uglier by the minute.
Fear is high and investors are fleeing to gold.
Squeezed by tight credit and tempted by record high gold prices, small business owners are finding an alternative to the bank: the pawn shop.
Yvette Shirey left a jewelry store near her home in Columbia, Md. Wednesday afternoon $1,000 richer.
Gold prices broke a new record Monday, topping $1,600 an ounce, driven by concerns over mounting debt in the United States and Europe.
The U.S. dollar index and gold miners are among the more popular themes of the day on StockTwits.
Billionaire hedge fund manager George Soros sold nearly $800 million of gold during the first quarter, as the precious metal surged to record highs.
Gold prices topped a record $1,500 for the first time ever on Tuesday, shattering an important psychological barrier as investors seek out investments thought to be safe during times of upheaval.
Gold prices have hit a series of record highs this week, as a combination of inflation worries, a weaker U.S. dollar and geopolitical turmoil have weighed on investor confidence.
Gold prices rose to a record high Monday as the political turmoil in Libya boosted demand for tangible "safe-haven" assets such as precious metals.
Gold prices settled at a new record high on Tuesday, as unrest in North Africa and the Middle East pushed the safe-haven commodity north of $1,430.
Gold is looking a little less shiny lately.
Gold prices jumped back above $1,400 an ounce Friday to settle at a fresh record-high as the U.S. dollar slid following a surprisingly weak report on the nation's job market.
In case you haven't heard, gold has been on a record-breaking run recently. Want to get in on the action? Try an ETF.
Gold prices continued to push higher Tuesday, reaching another record high, amid ongoing concerns about the economy.
Gold continues to break records, hitting its fourth new high in a week Monday, fueled by economic jitters.
Gold prices climbed to yet another record Friday, continuing a week-long rally fueled by uncertainty over the global economy.
Gold prices surged to new record highs on Thursday, continuing a rally started earlier in the week.
Gold surged to a new record high Tuesday, as uncertainties about the global economy sent some investors flocking to the save-haven precious metal.
The price of gold turned lower Monday after surging to a fresh intraday record, as investors digested China's decision to allow the yuan to appreciate against the dollar.
The price of gold surged to an all-time high for the second straight day Friday as economic anxiety continued to fuel a rally for the precious metal.
Gold prices hit a record high settlement Thursday, driven by continued anxiety over the economy.
Gold prices climbed to a new record high Tuesday as Europe's debt troubles sparked demand for perceived safe havens, like the precious metal, and investors hedged against inflation.
As economic fears drive gold prices to new highs, the creator of a gold-dispensing ATM is attracting attention around the globe.
When gold prices turn skyward, like they did for the past two weeks before some recent flattening, some mix of greed, fear and uncertainty are likely ruling the market. What better time to remember what really drives prices over the long-term: market fundamentals. Through that lens, gold might not be such a hot investment.
Gold prices retreated from a record high Thursday as investors took a slightly less pessimistic view of the European economy.
Gold surged past the psychologically significant $1,200 mark on Thursday as stock markets plummeted and investors sought a safe haven.
The financial story of the week was clearly the epic Goldman Sachs hearing in the Senate.
Having lived through bubbles in technology stocks and real estate, many investors have grown nervous lately about gold. Its price quadrupled in the past decade to a record $1,227 an ounce in December, before falling back near $1,100. Hedge fund legend George Soros, for example, recently warned that "the ultimate asset bubble is gold." Others, by contrast, cling to it as the ultimate safe haven in a period of wrenching economic uncertainty.
At Harrod's department store in London, you can pick up a South African Krugerrand or a 27-pound gold bar along with a sweater and bed linens. Gold is sold like candy out of train station vending machines in Germany. Indian households are borrowing against jewelry the way Americans did not so long ago against their homes. And U.S. investors poured $15 billion into gold funds in 2009, as they were pulling money out of stock portfolios.
Gold prices have taken a dive this week as investors rekindle their faith in the stock market and the almighty dollar.
Gold prices plunged Thursday as the dollar surged against the euro amid concerns about the economic health of certain European nations.
Gold prices fell for the third day in a row on Tuesday as the U.S. dollar continued to strengthen.
Gold prices extended their decline for a second straight session Monday as the dollar continued to rise.
Gold prices fell off their record highs on Friday, falling 4% after a better-than-expected report about the job market lifted investor confidence.
Gold prices closed at a fresh record high above a $1,200 an ounce Wednesday, the first time it has settled above the milestone, as investors continued to build on the momentum of the precious metal.
Gold prices crossed $1,200 an ounce Tuesday and closed at a record high as dollar weakness and easing of Dubai debt fears pushed the precious metal higher.
Gold prices surged to record highs yet again Monday, topping $1,139 an ounce, as investors continue to favor the precious metal over currencies like the U.S. dollar.
Gold prices rose Friday to a record high, recovering from earlier losses, as the U.S. dollar weakened against rival currencies.
Gold investors are partying like it's 1849.
Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
With the price of gold as high as it's ever been, more people are rummaging through their dresser drawers, safe-deposit boxes and anywhere else they can to trade their forgotten bling for a thick wad of cash.
Gold closed slightly lower Wednesday, after surging above $1,070 an ounce, as investors positioned themselves just prior to the release of the Federal Reserve meeting minutes.
Gold prices have gained luster as of late and many expect it to keep shining as investors look to hedge themselves against the threat of inflation and a weak U.S. dollar.
Gold surged to a record high Tuesday after a news report sparked widespread talk about the U.S. dollar being unseated as the currency for trading oil.
Gold prices settled Wednesday at their highest point as the dollar slumped and inflation concerns boosted demand for the metal as a hedge against rising prices.
Gold prices settled at a new record high of $1,006.40 on Friday, rallying ahead of the $1,000-an-ounce mark for the third time this week.
Are gold investors starting to sense something wrong that others are missing?
Gold prices charged higher Thursday, with another run at $1,000 an ounce looking increasingly likely, as the dollar remains weak and concerns about inflation boost demand for the metal.
Gold prices rose to a record high above $1,007 an ounce Friday as stocks continued to fall and investors flocked to the metal to preserve capital.
The price of gold continued to climb Friday after a bout of grim economic news increased the precious metal's safe-haven appeal.
The price of gold fell to a two-week low Monday as the U.S. dollar rallied on new details about President-elect Barack Obama's fiscal stimulus plan.
The price of gold fell Tuesday amid a broad retreat in commodities led by oil, as the damage caused by Hurricane Gustav appeared less severe than expected.
Don't look now but the price of gold is back above $900 an ounce.
Gold prices tumbled Wednesday, as the dollar regained strength, to sink nearly $100 below its record high set Monday - leaving some traders wondering if this is the beginning of the end for gold's impressive run.
Gold prices touched the $1,000 milestone for the first time Thursday as the dollar plunged amid nagging fears about the health of the U.S. economy.
With gold prices recently crossing the $1,000 an ounce threshold, investors looking for ways to join in the gold rush will have to navigate volatile waters.
Gold prices surged to a record Wednesday, closing to within $5 of the $1,000 milestone, as a combination of record-high oil prices and the continued devaluation of the dollar brought buyers back into the market.
Gold prices retreated Tuesday afternoon, after reaching an all-time high last week, as investors locked in profits and showed signs of trepidation ahead of the psychologically important $1,000-an-ounce level.
Gold prices surged Friday as dollar weakness and a brutal selloff on Wall Street sent investors in search of a safe haven.
Gold prices continued to skyrocket Thursday on the falling U.S. dollar, supply concerns and high world-wide demand.
Investors have bid up the price of bonds and gold in recent weeks as growing concerns about the economy have fueled demand for safe-haven investments.
Gold prices surged into record territory Wednesday as lingering geopolitical concerns and a spike in oil prices fueled demand for the precious metal.
Better buy your bling now. The price of gold is climbing.
There is gold you can hold and gold you can fold. Which one an investor chooses will likely come down to individual preference as well as the price outlook.
Along with higher inflation and global instability, one important driver of the gold price this year is expected to be the increasing demand for jewelry in developing countries.
When the price of gold shot past $600 last month for the first time in 25 years, I figured I'd missed a big opportunity. Now it has risen past $700. Will it go higher still? Is there a way for me to benefit?
Gold rose to a 25-year high above $700 an ounce on Wednesday, prompting some investors to take profits on bullion's sharp rally this year, while platinum surged to a record high on speculative buying.
There was a time when investors didn't want gold bars anywhere near their portfolios, but it's long forgotten now.
A plunge in gold prices and stocks Thursday may have been just the start of a needed correction in a sector that has surged substantially of late, analysts said.
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