does anybody know why recently the prices of Gold keep on rising?
146355
The price of gold is now rising because mining companies do not find it profitable to mine for gold as the amount that come out the mines are not as much as they used to get.\n\nWhen companies mine for gold, they also mine other materials, but now targeting gold is less profitable, so they have to target a more profitable mineral, and whatever gold they get is a bonus, therefor less gold is comming out the mine, so the less gold available, the higher the price goes.
855012
Most people refinanced their homes to get out of credit card debt.  Gold only went up because of inflation.  If inflation drops, then gold prices will drop as well.
373252
Yes, I'm confident that the Fed will raise rates next quarter because the price of commodities continues to go up, so everything is getting more expensive and therefore the risk of inflation is still present
4315
Impossible to accurately predict but my guess would be not much more.\n\nWe have recently seen that the first signs of selling could lead to a sudden drop:\nhttp://news.ft.com/cms/s/9a0be6b4-6ea1-11da-9544-0000779e2340.html\nand central banks also want to reduce their gold levels in the long term.\n\nSome people also believe that there is often less demand for gold after Christmas, so I'm not optimistic for gold in the new year.  If I had to put a figure on it, my wild guess would be a drop to $480 by the end of January and then lower after that.  This is pure speculation, however.
598226
The bastards are messing with us!  They are simply raising the prices to fatten up their wallets.  Their profits have raised by 30% and they keep changing the reasons for prices going up.  We never get a straight answer.  First its "a pipe broke and needs to be repaired so oil has gone up", then its "everyones using too much gas in their suvs", then its "we're negotiating to lower prices", um, excuse me but doesnt Bush OWN a refinery?
9131
Gold is always a good bet, and now it seem the price will be going up for several year. also, if you are willing to take a slight risk, look into nanotechnology, seems to be the wave of the future.
711337
Pretty well.  I've notice a lot of things have gone up in price.  That's sad.  Retailers always do that during the holidays because, they know people still need to buy Christmas gifts.
321020
its the unstable US dollar, its the world currency, if the US economy stumbles then other countries need something to bank upon thats why gold prices are increasing, and oil prices please ask Mr Bush!!!!
938581
There is somewhat of a relationship.  If interest rates rise dramatically as they did in the early 80s, people will tend to invest their money in interest bearing instruments rather than gold and the price of gold will fall.  When interest rates are very low as they currently are, gold becomes a much more attractive investment relative to interest bearing investments and the price of gold tends to increase.
500191
I don't know, but i would not be buying gold right now because it is like $700 dollars an ounce. :(
1002836
We have been doing this since we de-coupled the dollar from gold in 1971.  Actually, to be accurate, the private bank called the Federal Reserve has been doing this.  When they set interest rates low, more dollars are borrowed, meaning more dollars are needed to be put in the system, so they order it up from the Treasury and print away.\n\nIf you compare the price of precious metals and real estate, two items that have fixed "value" unless something big and artificial happens to them, then you will notice that they have increased in value almost 1.5x since Bush took office.  We have had inflation of nearly 50% in the last 4-5 years.  The Fed stopped making public knowledge the M3 indicator two months ago, which is the number of dollars in circulation in the world.  This was another trick to curb inflation...if nobody knows how many dollars there are, they can't adjust the rate of exchange based on any hard number anymore.
160084
It used to. But the United states is on a non-fiat monetary system. The gold reserve is meaningless and is not backing the money. The government is telling you that it is worth something and can be used for payments and debts.
353633
No.  Gold is a good investment and considered a hedge against inflation.  Right now, gold, silver, oil, copper, and other precious metals are all hitting new multiyear highs.  Seems that demand has overtaken supply on the global scale.  Next couple of years look good for all the metals.  Then of course, corporate America and others like the Germans and Chinese will overbuild new mines and the world ecomony will slow its growth and prices will retreat again.  Its the old supply and demand story but to answer your question right now it looks like a good investment.
765969
Gold is the favorite bank reserve to support their currency all around the world. It has limited production and hard to find on Earth. Beside that, every ladies on Earth love to wear the jewelry. Gold is using more and more when the population keeps going up. Now it's $625/ ounce. You can double money in 2 yrs if you bought gold. USD keeps going down, gold will be more expensive.\nMr. Vu
1170135
Gold and oil are denominated in U.S. Dollars, and inversely proportional in price.\n\nThrough most of this decade, you've seen a steady erosion in the Dollar, as the price of gold and oil have risen.\n\nOther Reasons\nNow that central banks of foreign countries like Switzerland and Great Britain have stopped selling tons of gold, the supply has lessened while the demand has picked up. \n\nOnce price launched into an uptrend, others escalated it.\n\nMore Reasons\nThis is the scariest market I've ever seen in the 20 yrs I've been watching it. Just name one thing that is stable; can't do it. The escalation in the price of gold is partly due to a flight to safety.\n\nMore Reasons\nIf you were Sadam Hussein or Osama Bin Laden, where would you invest your money if you were trying to destroy the economic centers of the world, and your own economy was at risk? If you were a Russian politician bilking hundreds of millions out of the foreign loans from other countries, where could you possibly hide that money where it is safe? \n\nWhat currency is good in all the world, doesn't vanish when burried or tarnish or waste away or burn or get eaten, and has a base value through which it cannot go? Gold.
811382
There are 4 sources of gold.  mine production,  hords, reclamation from recycling and government stocks.\n\nmine production is pretty much constant until new mines come on stream.  There is a very long lead time to bring a mine up.  Hords tend to not increase supply at all because as the price increases, people tend to add to their hords.  Recycling is a pretty much constant supply.  That leaves government stocks.  Governments have been know to release their stocks as prices increase so that is the only short term possible addition to inceases to supply.  As for decreases, the same pretty much hold true except for hords.  After a large run up in prices, at a sharp drop in prices hord holdings tend to be released to the market further driving prices down.
467045
The price of gold is generally determined by demand, not supply since supply is relatively constant but demand is not. Demand for gold is driven by fear, greed and uncertainty. When there is a lack of fear, greed and uncertainty, the price of gold falls.  Perhaps it is not correct to say a lack of greed. There is always greed. It is just that greed can change its focus. When the price of gold increases greed tends to focus on gold. \n\nThe price is also affected by interest rates. When interest rates are low, as they have been for the past 5 years, money tends to come out of savings and go into alternative investments such as gold. When interest rates are high, it becomes more attractive to save money.\n\nNow with the U S waging war and the price of oil heading north, and U S jobs being shipped to China and India, there is a lot of fear and uncertainty out there. Then as the price of gold rises, it tickles the old greed bone, which adds to demand. The fact that interest rates are now rising is a mitigating circumstance.