Gold - Price Fluctuation

Paper Summary:

This paper provides a detailed assessment of the fluctuations of gold prices. The paperexamines the driving factors behind these fluctuations as well as their effects and discusses these in the context of the last five to ten years. The paper concludes that gold is likely to have its day again, but that fluctuations in the price of gold are likely to continue in the near future.

Table of Contents:
Terms of Reference
Procedures and Methods
Findings
General Information
Gold and its Fluctuations in Price
Supply
Demand
Price
Conclusion
Appendix

From the Paper:

"Jim Rogers predicted already in his last book "investment biker" that gold will have its day again, and that day is getting closer, but it will be based on supply and demand (Investment Biker, 1994). This is still the case today, 13 years after. The dollar will continue to fall on hard times, giving rise to more goldbugs. It seems that in tough economic conditions, many investors carry a bit of a goldbug in them. With the latest gold price of over $676.50 an ounce, people tend to be interested in gold as an investment once again and continue looking at gold prices as an economic indicator, even though rapid gains in gold may make prices vulnerable to a decline, some analysts said (Gold Prices, 2006). Prices may fall as low as $580 in the next several months, said Dennis Gartman, economist of the Gartman Letter in Suffolk, Virginia (Gold Prices, 2006). Fluctuations in the price of gold are likely to continue in the near future; as will the speculators' perpetual hope for "striking gold"."

Sample of Sources Used:

• Ask the expert: Gold (2007) Available URL: http://www.ft.com/cms/s/933091c4-b846-11db-be2e-0000779e2340.html Date viewed: 10th March 2007
• Reflection of the gold market (2006) Available URL: http://www.bis.org/review/r060706f.pdf Date viewed: 10th March 2007
• Understanding Gold (2006) Available URL: http://www.usagold.com/gildedopinion/vaneedengold.html Date viewed: 10th March 2007
• Gold market 'inextricably changed' (2007) Available URL: http://www.miningmx.com/gold_silver/622588.htm Date viewed: 10th March 2007
• 5 year Gold ($USD) (2007) Available URL: http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx Date viewed: March 10th 2007

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