Topic: Merk Investments
The price of gold went up $12.90 an ounce on Monday alone, closing at $1,614.40. But if the debt ceiling is raised, the gold price could come down over the short term.
Gold prices tumbled 6 percent after hitting a new record in late April. Investors who sense trouble ahead expect gold prices to surge higher. But other precious metals are poised to rise if the recovery strengthens.
The price of gold has soared almost 32 percent in a year, making it the best of investments. The rise has been fueled by rock-bottom interest rates and inflation fears. Can the good times last?
Will New York City's mayor do an end run around term limits?