This page will be used to update spot gold price per ounce. That average price of gold bars, coins and bullion has been a very hot topic of late and many are looking for quick updates on prices. Note that the price of gold is changing throughout the entire week. I will randomly update this page each weekday to give you some insight as to the spot price of gold per ounce. If you are looking to purchase gold there are many online resources that are very helpful. It might also be a good idea to look at some of the current eBay auctions for pure gold.
When looking to make any type of gold purchase remember to do your research and find .999 pure gold. There may be other options but it will not be worth near as much. Make sure to access 321gold.com for more information on resources on the price direction of gold. There are also many predictions that are made on a daily basis.
Gold American Eagle Bullion Coin – Current Price and Rate Per Ounce of .999 US Government Investment
The Gold American Eagle Bullion Coin is one of the most popular gold investments in 2012. In fact, it should come as no surprise that millions are looking to invest in gold as the stock market has not produced any true gains in the last year. Before making an investment it is always smart to look at the current price and rate per ounce before taking the plunge.
The price of gold, per ounce, fluctuates during every day of the week. As of late 2011 the price of one ounce of gold is just over $1600. Remember that prices have been as high as $1925 an ounce in the last year so anything under $1600 could be quite the investment. The Gold American Eagle Bullion coin is minted by the US Government and is .999 gold. This means that any Gold American Eagle bullion coin will be the highest rate of gold that can be purchased.
There are many different sizes of the American Eagle gold coin that can allow investors to adjust their buying price. Here are the sizes that are available from the years of 1986 to 2012:
Investors can simply divide the total price by the number of ounces to decide if they are getting a great deal. If one ounce of gold is at $2000 investors would only want to pay $1000 for 1/2 ounce, $500 for 1/4 ounce and $200 for 1/10 ounce. By using a few calculations investors should be able to find some great prices for an American Eagle gold coin. Some of the place to look for these coins include eBay, Craigslist, APMEX, USMint.gov, Goldline, Monex, Kitco and local coin shops. Remember to do your research and work locally as this will help you get the best coins available.
The year does not greatly determine the value as most gold collectors and investors simply want a grade A coin that is in very good shape. Obviously, it will be the case that the new coins have less wear and tear but it does not make them significantly more valuable. By doing some research on gold coin websites investors will better understand how much a coin can be devalued with a few scratches or scuffs.
To keep up with the current price of gold it would be smart to simply go to Kitco.com or 321Gold.com. These websites have up to the second charts that will help you determine the gold price per ounce or the gold rate. If you are willing to do your research you could end up finding some investments for less than the current rate. This may take some homework but it could be well worth it in the long run.
Silver and gold both took it on the chin today as spot silver prices are getting very close to $30 an ounce. Right now silver is sitting at $30.56 but there is plenty of downside risk still left. With silver under all of its moving averages there is a chance that we could see it continue to decline until gold finds a little bit of support at its 200 day moving average. The next few weeks will be very telling for both gold and silver. I will keep you updated the best I can but in the meantime check out the Harbor Freight Tools Black Friday Sales ad 2011.
By the end of the trading day in New York we saw spot silver prices at $31.02 as the metal was down just over $1. This is very interesting as there is little support now with the metal under all of its moving averages. There could be a healthy dip over the next few days but we will have to wait and see. When gold finds support it might be time to jump back in to silver as well. If you are a long term investor just sit tight and recognize that the bull market will run for many more years.
Today we are seeing silver spot prices down just over .84 to $31.20. As I stated yesterday, it looks like the 20 day moving average is going to be a resistance level for quite some time. It will be interesting to see where silver find support because it is below the 20, 50 and 200 day moving averages. We might have to see gold prices get all the way down to their 200 day moving average before we see a bounce in either of these metals. That being said, I would still be a long term bull of this metal. We will see ups and downs but the prices of commodities are going to continue to move higher in my opinion.
Today silver bucked the trend of gold and actually moved higher. The last quotes on spot silver futures was around $32.13 which is up .33 from yesterday. This is not a huge move higher but it does show that the 20 day moving average can hold. It needs to hold over the next few days and the price of silver needs to eventually break through this moving average to start moving higher. It is now the case that both gold and silver are sitting right below their 20 day moving averages. Gold and Silver bulls hope that these moving averages start to move higher in the near future as this will signal another strong bull market run is coming in the near future.
Gold was down about $7 an ounce today which pushed Silver down about .30 to $31.88. Right now it looks as if silver is sitting right at its 20 day moving average but this moving average is causing resistance. If this metal plans to break into the $32 level in the near future it is going to have to break through its 20 day moving average and attempt to test its 50 and 200 day moving averages which are very close right now. This would be right above the $35 level but could be slightly lower by the time Silver has a change to get up to these levels. It will be interesting to see what happens with silver over the next few days and months as it could be staged for a huge breakout for money to be made.
Another down day for gold and this time it stings a little bit. Over the last few days gold has been holding steady right below its 20 day moving average but today we saw it plunge over $20. Spot gold prices per ounce are now at $1620 which is off more than $20 from yesterday. I have mentioned multiple times that gold could reach its 200 day moving average before finding true support. This is looking more and more likely after the move lower today. It will be interesting to see if there is any type of bounce on Friday. If gold continues to decline it might be time I start to look to find a date over 60. Let’s not let it get to that point yet though!
At the end of the trading day in New York it looks like gold is at $1642 which is down about $13. This is not a huge number but it will be interesting to see what happens over the next few days as the 20 day moving average could be a troubling spot. If the 20 day keeps pushing the price down we could see prices dip all the way to the 200 day moving average which is just over $1500 an ounce. Nothing is certain at this point but gold looks to be struggling to find a short term bottom. Keep checking back in and I will keep updating.
Spot Gold is down about $10 an ounce today to $1644.70 so it looks like the 20 day moving average is now going to be overhead resistance. I will be interested to see how far gold will fall before getting a bounce. The last time I predicted that gold had some room to fall it bounced quick and moved up over $100. This is why you should not listen to me when it comes to the future direction of gold prices. I will be more than happy to update the price of gold each day but take my advice and predictions for what they are worth which is not much at all.
Today gold was down about $9 an ounce but it bounced off a bottom that was around $1630 an ounce. On October 18th, 2011 most will find gold prices at $1661.70 an ounce. It looks as if gold is now below its 20 day moving average and it will be very interesting to see what happens from here. If the 20 day moving average serves as a resistance point then we could see lower gold prices all the way down to the 200 day moving average. This would mean that gold could drop all the way to $1500 a share but there is also a chance that the 20 dma holds. Only time will tell and it will be very fun to see what happens.
Just updated this website with a Silver Prices Per Ounce Page as well, check it out.
After a few hours of trading we are now seeing gold down about $7 an ounce to $1670.70. It looks like there is still plenty of support at the 20 day moving average so it will be interesting to see what happens if the yellow metal tests this support level. There has not heavy trading today so a pullback of less than $10 is not a really big deal to the gold bulls that feel as if gold will hit $2000 before the end of 2011. It will be a very interesting fall trading season for sure.
The price of gold in New York as the stock market opens is $1683.90. This price is up $4.10 over the last close but there is still plenty of trading left in the day. The price of gold is now about its 20 day moving average but still well below its 50 day moving average. It will be interesting to see if the 20 day can start moving higher and help push the price of gold back towards $1750. Plenty of data left this week so the prices should be interesting to watch.
Getting started up again with the gold and silver prices. We will try to get at least a few articles up a week to help you better understand where gold is at the present time. On October 16th, 2011 we are seeing gold at $1681 an ounce which is off the all time high but still very high when compared to several years ago. Should be interesting to watch and see where the yellow metal goes.
Today we saw both gold and silver gain slightly but still not back to their 50 day moving average. Gold and silver spot prices per ounce on June 28th, 2011 closed around $1501 an ounce for Gold and $33.90 an ounce for silver. These rates are improving but we are still seeing both metals well below their 50 day moving average. By doing a little technical analysis it is quite obvious that we still have quite a lot of momentum to gain before we will see metal prices near all time highs. By looking at this chart of GLD we can see that there is quite a bit of room to move higher to get back above the 50 day moving average.
Gold and Silver articles for June 28th, 2011:
Gold, Silver Prices Up on Safe Haven Buying - The Street.com
Lear Capital: Is Gold Price Pull-Back a Hoax? - International Business Times
While the spot price of gold is currently around $1500 and ounce and silver is around $33.75 an ounce it is important to remember that most customers cannot find prices this low. Many buyers and sellers of .999 one oz silver and gold coins have resorted to eBay to buy and sell. It is often true that the price for buyers is around 5% to 10% higher than spot value depending on the demand. When prices are dropping, as they are now, it can be the case that buyers can get a 2% to 3% mark up. It is always smart to look at see which auctions are finished soonest because bidding on auctions that do not end for days will likely mean that customers will get outbid for below spot price bids. Look for gold to be around $1550 for 1 oz. .999 and silver to be around $36 or $37 today. Remember that shipping also comes into play when buying on eBay on June 28, 2011.
Some customers are also resorting to Craigslist but this limits customers as they will want to work locally and there is not as much supply when it comes to gold and silver coins on Craigslist. There are also hundreds of local coin dealers on the Internet that are offering prices slightly over spot values.
For the last three trading days we have seen both gold and silver take a turn south. Today we are seeing Silver close around $33.25 an ounce while gold is just under $1500 an ounce. When looking at a few technicals it could be the case that gold and silver need to test their 200 day moving averages before moving higher. It looks as if Silver is much closer as it has seen a steady move down after its climb to $50 an ounce. By looking at this chart of the SLV etf it seems quite obvious that the next support levels for Silver is at its 200 day moving average. If the 50 day moving average serves as a level of resistance then the 200 day may need to be tested. It it hard to predict prices going up soon until we see a break of the 20 and 50 day moving averages for both gold and silver.
Gold and Silver articles for June 27, 2011
Gold Prices Fall as Inflation Fears Ease - The Street.com
What Is The Future For Gold Prices? - Annuity News Journal
Gold Falls to 5-Week Low, Silver Prices Decline 3% - CoinNews.Net
How To Play $50 Silver - International Business Times
Today we saw both Gold and Silver plummet over 1.5% as a pullback was need. Interestingly the GLD etf dipped well below its 20 day moving averaged and tested its 50 day moving average. This will likely be a support level but we will see what happens in the coming days. On June 23, 2011 we are seeing gold around $1522 an ounce while Silver is at $35.25. Remember that these numbers are always changing as both gold and silver are traded 24 hours a day. It will be interesting to see if the 20 day moving average continues to serve as a point of resistance for the SLV etf and Silver.
Gold and Silver articles for June 23, 2011
Gold prices follow oil lower - Metal Markets
Gold Price Sinks Nearly 2% as Markets Wobble - Gold Alert
Gold, Silver Prices Hammered by Dollar - The Street.com
Today was a very interesting day for both gold and silver as each metal was up early but after the “Fed speak” they both pulled back slightly. Silver ended up very close to unchanged around $36.4 while gold eeked out a gain to around $1550. When looking at theGLD chart we can see that gold is above its 20, 50 and 200 day moving average. Any move higher could springboard the yellow metal to new all time highs. Interestingly, SLV is still below both its 20 and 50 day moving averages so these levels could serve as resistance in the near future.
Popular Gold and Silver articles on June 22, 2011:
PRECIOUS-Gold rises to near two-month high on Greek worries - Reuters Africa
When looking at gold and silver closing prices for June 21st, 2011 we are seeing some interesting technicals shape up. Gold closed around $1547 an ounce while Silver finished up around $36.40. Remember these are not exact closes due to the fact that the metals continue to trade 24 hours a day. When looking at the SLV chart it is quite obvious that SLV is about to reach its 20 day moving average which could serve as support or it could also be a resistance level. Right now SLV is just under its 20 day moving average at $35.68. If silver can move up in the next few days it could be a steady climb all the way up to the $38 range.
Popular Gold and Silver articles for June 21, 2011:
Gold, Silver Prices Gain Ahead of Greece Vote - TheStreet.com
Today we saw the SLV etf move up slightly to $35.09 which puts it slightly below its 20 day moving average. If it can break above its 20 day moving average this will likely hold as support and we could start to see it making its way back to the 50 day moving average around $37.85. The GLD etf closed almost unchanged today at $150.03 but remember that it is currently above its 20, 50 and 200 day moving averages. This means that there is great potential for a move much higher in the near future.
Popular Gold and Silver articles for June 20, 2011:
Why gold prices will continue to stay high - The Economic Times
Why Aren’t Miners Feeling the Rise in Gold Prices? - Wall St. Cheat Sheet
Are Gold Miners Set to Explode? - Seeking Alpha
FOCUS: Speculators Cut Bullish Gold, Silver Positions — CFTC Data – Forbes