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Did gold stock go up today?

Updated: 9/28/2023
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Wiki User

14y ago

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Yes, the stock market did go down just a little bit. Compared to other days, today is nothing to be concerned about. We are not quite at the levels that you should panic.

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11y ago
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14y ago

No, it is dropping like a rock

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Q: Did gold stock go up today?
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Is there any relationship between gold prices and stock market?

Roughly, yes. When the stock marketis struggling, gold prices will go up.


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If the stock market has shown one thing about itself over the past decade, it's that it is horrifyingly unstable. The rates at which stocks go up and down are almost comical at times, and it really doesn't speak well of the system as a whole that it is so unreliable. One of the major issues with the stock market is the way in which gold stock prices are portrayed in the market on a daily basis. The rampant fluctuation of gold stock prices gives way to a concept that gold itself fluctuates in value in much the same way, when this is really not true. In fact, the value of gold remains fairly steady in spite of gold stock prices.Recently, gold stock prices have been labeled as "obscene" by some industry monitors, and that has not gone by without issue. Now that gold stock prices have reached a slightly lower range, there is renewed interest in these stocks. However, one thing that many people don't seem to realize is that not much has happened to the "real" value of gold during this entire period of unrest in the area of gold stock prices. In fact, there has been a fairly steady value attributed to gold throughout this era of high gold stock prices.


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