answersLogoWhite

0

Should gold price go up or down?

Updated: 9/18/2023
User Avatar

Wiki User

7y ago

Best Answer

Increasing gold prices can lead to inflation. Falling gold prices tend to improve investment.

User Avatar

Wiki User

7y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Should gold price go up or down?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where should you go to sell your gold at a fair price?

You can safely sell your gold at a fair price at: www.Cash4Gold.com


is gold a good invement or will the price go down?

it is not a goo investment the price will go down because scientists believe there are more ores further into the crust that will be more expensive and payable than gold


Coming days gold price?

Depends on global economy. If shrinks - it will go down and vice versa


Why price of gold decreasing these day?

There are a number of governments in Europe which are under heavy economic pressure as a result of their high levels of debt, and continued deficit spending. The island of Cyprus in particular has come very close to bankruptcy and took drastic measures to avert it. Greece, Italy, Spain, Portugal, and Ireland are all in trouble. It is expected that some of these governments will sell some or all of their gold reserves, in an effort to deal with the current crisis. If this happens, putting large amounts of gold up for sale will alter the balance of supply and demand, which determines the gold price. If supply goes up, price goes down. And purely in anticipation that this will happen, the price is already going down. After all, if you expect that the price of gold is going to go down, then it makes sense to sell it now, before the price gets any lower. It is really a self-fulfilling prophecy. If enough people expect the price of gold to go down, then the price will go down.


I guess I am just plain ignorant of the price of gold today. If I go to a local "gold buyer" to sell jewelry, what should I expect?

The current investment price of gold is $1060 an ounce. A gold buyer will pay 900-950 per ounce.


What should you do for money on runescape?

Mine runiteMOUNTAIN482if you are a lvl 40 then go to falador mine some GOLD. Get 6 invertorys full of gold with that you should get 94920 gp. IF U SELL THE GOLD AT NORMAL PRICE.


Will gold price go down in following months also Please tell you the right time to buy gold?

Its not really the right time to buy gold for the long term,But for short term yea it is.


Do you expect the price of gold to go up?

The price of gold will tend to go up for several reasons: a large but limited supply, a limited mining capacity, and just inflation in general. Gold is a hedge against inflation or decrease in currency rates. Its intrinsic value (for various uses) is now much less than its demand price. When the price of gold does go down, it means that - there are more sellers than buyers, - that other commodities are bringing better returns for capital invested - that speculators are not anticipating increases in price anytime soon.


What is the price/cost of gold?

The price of gold will vary depending on the dealer you wish to sell the gold to, and the commission they will take. Gold coins if pure, can go for $1500 at the moment.


Im 13 and have 8000 dollars that i won what should you do with it?

If you invest in a rare gold coin and wait for the gold market to go up in price then you should make a nice profit in a short period of time.


What cause international gold price go up or down?

The demand and supply of gold. Due to the credit crisis many people have decided to buy gold since the price of hold has always been very stable (doesn't fluctuate a lot) since more people demand gold, the price of gold has risen. This is with accordance to the law of Demand which states that if all other factors are held constant, then there will be a negative relationship between the quantity demanded and the price of a good. Thus the higher the demand for gold,the higher the price. try this site its useful http://gold-price-blog.info/


How much is the five dollar liberty gold 1986?

This is a 1/10th oz. bullion coin and values go up and down with the price of gold. the spot price of gold as I type this is $1,140.80 so at this minute value is $114.08. When the coin is sold the value will be a little less than the spot of gold at time of sale.