The price of gold is expected to rise slightly in 6 months.
Historical data for gold and other precious metals can be found on Kitco... http://www.kitco.com/ The Refiner49er
After three months the therate of gold has started to fall.
The current price of gold in Egypt is showing a trend of increase. As of June 2014, the price of gold is 9,417 Egyptian Pounds per ounce. The increase in price over a month period is 5.31 percent. The price of gold changes daily.
The price of gold can be subject to fall do to demand of the product versus the availability of the product. Also the shape of the economy can drive the price of gold to drop if the dollar is actually worth more than face value.
To ground price will fall
Gold is a safehaven investment. So it's price will stay high so long as people are uncertain about other investment types. Gold will decline when money starts leaving gold for stocks.
The price of gold has exceeded the performance of the DOW in the past 12 months. There has been a fast rise in the number of companies actively buying gold.
Up
Gold is increasing in price because there is now significantly less of it available to mine and also the cost to mine metals has now increased. Most mining companies can produce an ounce of gold for $500 (USD) or less. It's not a lack of supply that's causing the price to rise. Investors are bidding up the price of gold because currencies are being devalued. Governments around the world are printing more money to service their debt. That makes their currencies less valuable, relative to tangible commodities. Investors expect this trend to continue, so they are investing in gold and other commodities, rather than bonds, which will fall in value as the currencies in which they are denominated are debased further.
Its not really the right time to buy gold for the long term,But for short term yea it is.
Gold is increasing in price because there is now significantly less of it available to mine and also the cost to mine metals has now increased. Most mining companies can produce an ounce of gold for $500 (USD) or less. It's not a lack of supply that's causing the price to rise. Investors are bidding up the price of gold because currencies are being devalued. Governments around the world are printing more money to service their debt. That makes their currencies less valuable, relative to tangible commodities. Investors expect this trend to continue, so they are investing in gold and other commodities, rather than bonds, which will fall in value as the currencies in which they are denominated are debased further .
The price of gold per ounce today, according to the website known as Gold Price is 1388.60 US Dollars. The Gold Price website allows you to compare the price with how it has fluctuated in the past months.