Be Careful When Traveling With Jewelry
Ten Commandments Diamond

Gold Prices Hit 25-Year High

The price of gold hit a 25-year high yesterday in London causing consumers worldwide to curb their gold jewelry purchases.  Typically, commodity prices go up due to demand being greater than supply, but the demand for gold is actually declining and is lagging production.

Gold bullion traded at $591.92 an ounce yesterday in London, the highest price since January of 1981.

Gold demand from jewelers dropped 15 percent in the fourth quarter, which was the largest single quarter decline since the first quarter of 2002.  Jewelry prices are projected  to be weak the first quarter of 2006 and the recent high prices will probably ensure that trend will continue.


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)