Current Gold Futures Price of Gold Trends Today: Gold prices notched lower last
week due to several key variables. Spot gold per gram and spot gold per kilo
both ended the trading week with prices posting in the red. Gold prices fell
lower, due in part, to remarks made by Federal Reserve Chairman Benjamin
Bernanke. Bernankes statements were interpreted and the analysis revealed that
another round of quantitative easing was not on the immediate agenda. Since QE3
would have devalued the U.S. dollar, safe haven gold would have flourished as an
alternative investment to hedge bets against dollar investments. Since QE3 is no
longer on the immediate federal agenda, the dollar surged higher and gold prices
dropped lower. April gold settled down .7 percent at 1709.80 per troy ounce.
Precious metal gold felt the pressure and futures ended the week lower by over
$65.00. The losses registered for gold price were the steepest in months. Gold
futures finished this week lower overall by approximately 3.8 percent. Many
investors dropped gold holdings in anticipation of gold price corrections. After
last session close, spot gold per gram was lower at 55.03 and spot gold per kilo
was lower at 55034.04. Camillo Zucari
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