Why Today's Gold Price Is So Low Right Now

As it turns out, Black Friday's best sales were neither in electronics, clothing, or gadgets. Instead, they came from today's gold price. That's because on the biggest shopping day of the year, gold prices hit a new six-year low. Closing at $1,055.90 per ounce on Friday, Nov. 27, on the New York Mercantile Exchange, gold's popularity seemed to also hit a new low since the February 2010 price of $1,045 per ounce. But as you'll see, while the near-term reasons for a lower gold price are familiar ones, the reaction to these low prices was not typical... Tags: Gold Price , gold price now , gold price today , Gold Prices , gold prices 2016 , Gold Prices Today , todays gold price , why are gold prices low , why is gold so low To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Today's Gold Price Is So Low Right Now appeared first on Money Morning - We Make Investing Profitable .