This week was a sad week for gold as the gold price hits a low we haven’t seen in over 8 months. This is your weekly recap of gold prices for the week of November 21, 2016.

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Gold Price Takes a Major Dip (Gold Price Weekly Recap)

This week, the gold price started the week off at only 1213.82 USD/oz, and by Wednesday hit below 1200 USD/oz. Once again, the gold price has become a victim to the American dollar as the American dollar becomes due to the growth in federal interest rates. Many believe that this major dip will cause a major growth in demands as the year ends, but hopes of the gold price hitting over 1400’s before the year ends is becoming more of a fragment of once imagination. The gold price today is only 1183.83 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 gold price will ever recover from this major dip? Let us know in the comment section below!


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