Y gold rates have fallen to record low of 877 $ ?

Question

What is the lowest it gonna be & shall we expect to rise in this week to 900 $ plus?

Answer 1

Who has money to buy it?

Answer 2

You must be from another planet. There was a time in the late 1980's gold was in the $300s.

Answer 3

Fed's done cutting and will hike sooner than people had expected at the beginning of the year.

Answer 4

GOLD & STOCKS; understand that Big Money ALWAYS sells when Comodities & Stocks go up and buy large when it's down & regular people get stuck with the bill.

With the cost of buy & sell orders... it is hard to profit without a Large Bankroll.

  900.oo  not unless Oil goes way up past current record.... see speculators (people with mountians of money) have been selling oil at a huge profit & are now reinvesting in gold.  that the same speculators sold while price tapped 1000.00 & bottom will not be till just around 750.

Answer 5

Actually, $877 is not a record low - it's normally much lower than that.  The price of gold historically goes higher ~$900 when the US is in a recession or there is inflation.  So, that in mind, it will surely be over $900 in the near future.