After a drastic fall in prices the beginning of the month, the gold price seems to be making a slow but steady recovery as it hit a weekly high of 1273.35 USD/oz. Here is your weekly recap.

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The Slow and Steady Gold Price Climb (Gold Price Weekly Recap)

The gold price started the week off with slight drop with 1263.95 USD/oz, but had a drastic rise the next day as it hit above 1270 USD/oz. Since then, the gold price has had a slight drop, ending yesterday at 1267.99 USD/oz. The gold price today is 1277.95 USD/oz.

The Cause

With economic and political uncertainty, more than ever gold investors are watching the market price. The slight drop from last week’s closing price on Monday caused a growing demand, as many investors bought into the slight drop. This caused the gold price on Tuesday to have a drastic rise, but with everything that rises quickly, a fall is expected which occurred on Wednesday, with the gold price closing at 1266.64 USD/oz. 

Canadian Bullion Services is an international precious metals dealer headquartered in Toronto that is ranked among the top precious metal dealers in Toronto. Visit our main site for more information, and keep up with us on Twitter and Facebook. Don’t forget to check back next Friday for your weekly recap.

Do you think the price of gold will reach above 1300 USD/oz before the year ends? Let us know in the comment section below!


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