Gold Declines in New York Stock Market–Now is the Ideal Time to Unload Your Gold
Gold prices have declined in New York because of the strengthening of the US dollar. Any rise in the dollar reduces investor’s interest in gold as an alternative asset. As of yesterday-gold held near 1,675 per ounce. This is the ideal time to sell your silver or sell your gold.
The All India Gems & Jewellery Trade Federation members have extended a strike for the last 18 days. They are protesting a levy on non-branded gold products. This is another cause of the dropping of gold prices.
People are waiting to see if they can get gold at lower prices, so they make a smart decision when purchasing gold. Right now is the ideal time to sell your gold to NoCo Gold & Diamond. The prices of gold is starting to drop, and who knows when we will see these high prices again.
Gold and silver futures are dropping, according to Federal Reserve meeting minutes. The bank bought $2.3 trillion of debt from December 2008 to June 2011.