Last week we saw the Isaac Newton effect play out on the gold price as it fell to a weekly low of 1335.23 USD/oz. and ended the week at 1336.07 USD/oz. Since then the gold price has rebounded to a weekly high of 1352.17 USD/oz. The gold price today is 1340.23 USD/oz.

The Cause

Many saw the price fall last week as a buying opportunity which increased the demand for gold. The increase in demand allowed the gold price to rebound from it’s fall. Many believe that the gold demand will continue to grow until the mints can not meet the demands. Right now we are having a special promotion on our 1 oz. 2016 Canadian Maple Leaf gold coin. Check out this item and many other gold bullion items on our gold page.

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Do you think the demands will surpass supply? Let us know in the comment section below!

Sources: usagold.com