{"id":180,"date":"2016-02-10T02:15:00","date_gmt":"2016-02-10T02:15:00","guid":{"rendered":"http:\/\/mgsrefining.com\/?p=180"},"modified":"2023-01-25T09:16:43","modified_gmt":"2023-01-25T14:16:43","slug":"gold-prices-surge-to-nearly-1200","status":"publish","type":"post","link":"https:\/\/www.mgsrefining.com\/blog\/gold-prices-surge-to-nearly-1200\/","title":{"rendered":"Gold Prices Surge to Nearly $1,200"},"content":{"rendered":"<p><img decoding=\"async\" class=\"lazyload\" style=\"float: right;\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/mgsrefining.com\/wp-content\/uploads\/2019\/10\/chart-2.jpeg\" alt=\"\" \/><noscript><img decoding=\"async\" class=\"lazyload\" style=\"float: right;\" src=\"http:\/\/mgsrefining.com\/wp-content\/uploads\/2019\/10\/chart-2.jpeg\" alt=\"\" \/><\/noscript>For the first time since June of last year, the price of <a href=\"\/resources\/historic-precious-metal-prices\/gold-price-history\/\">gold has suddenly surged <\/a>to almost $1,200. However, it\u2019s not likely to get much higher than that this month. <\/p>\n<p>Instability in the global economy is the biggest <a href=\"\/blog\/2015\/07\/08\/What-Factors-Drive-the-Price-of-Gold\">factor in the price increase<\/a>. There is a lot contributing to this instability:<\/p>\n<ul>\n<li>The equities market had a sub-par performance for 2015<\/li>\n<li>Oil prices have gone down<\/li>\n<li>Uncertainty surrounding Federal Reserve interest rates<\/li>\n<li>Uncertainty in the Chinese Stock market<\/li>\n<\/ul>\n<p>Other factors contributed to the price spike as well. An increase in gold prices close to Chinese New Year are not uncommon \u2013 in fact, a similar spike <a href=\"\/blog\/2015\/01\/28\/Gold-Prices-Reach-5-month-High\">happened last year<\/a>. But most of all, we\u2019re seeing a textbook example of increased demand and \u201csafe haven buying.\u201d Investors are hedging their investments to offset the risks presented by a struggling global economy. Since gold is widely considered a safe investment, demand is up, and so are prices.<br \/>\u00a0\u00a0\u00a0 <br \/>However, there is a limit to how much buyers are willing to pay before demand is affected. The current market consensus is that, barring some sort of market disaster, $1,200 is about as high as gold will get for now. With that in mind, right now would be a <a href=\"\/request-a-quote\/\">good time to sell<\/a>. If you\u2019re still waiting to get a better price, don\u2019t forget that you can <a href=\"\/resources\/mobile-apps\/\">use our app to alert you <\/a>when the market is in your favor. <\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices got a big boost, but will the trend continue? Read on to learn the details of the surge and whether you should sell.<\/p>\n","protected":false},"author":2,"featured_media":2056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[585],"tags":[629,638],"acf":{"hide_featured_image":null,"show_modified_date":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gold Prices Surge to Nearly $1,200 - Manhattan Gold &amp; Silver<\/title>\n<meta name=\"description\" content=\"Gold prices got a big boost, but will the trend continue? 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