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Gold prices topped out at $1,400 per ounce earlier this year. Since then, it's settled to $1,200 per ounce, prompting some to wonder if its value might further recede.

Could gold prices go lower?

While the decline in gold prices makes the yellow metal a relative bargain to buy, industry experts advise investors to proceed with caution.

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Gold mining major constituent of global economy, WGC says

A new report from the World Gold Council outlines how the precious metal recovery work performed by miners is a substantial contributor to the world’s economy.

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Silver investment to pick up steam in next decade

Due in part to affordable silver prices, combined with the fact that the global economy continues to struggle, investment in the white metal is expected to increase, based on a new report from the Silver Institute.

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Low silver prices won’t stay that way for long

Precious metals prices have seen a great deal of fluctuation recently, particularly silver. Last week, for example, silver prices fell to slightly over $17 per ounce, a 30 cent drop from 24 hours earlier, according to Bloomberg’s price index.

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Land in Nevada County, where a major gold "discovery" was made that turned out to be hoax, is on the auction block.

Land where gold nugget hoax took place up for sale

The land where a faux gold discovery was made a few years ago is up for sale.

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Diwali is the Hindu New Year, which is celebrated Oct. 23 in India.

Gold imports quadruple in India

Perhaps in light of it being festival season in India, an annual tradition where natives celebrate Indian culture with elaborate ornamentation, gold imports to the country have risen substantially in the past month, new numbers confirm.

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Platinum prices fell lower than gold last week, which hasn't happened since April 2013.

Platinum prices fall below gold for first time in 2014

For the first time in 18 months, platinum prices have dropped below gold values, according to a recent precious metals cost estimate.

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$100,000 worth of gold coins was recently stolen from a business near to the nation's capital.

Gold, silver coin collection stolen from D.C.-area business

On Oct. 13, an unnamed company located in Prince George County reported as stolen several valuable gold and silver coins to local authorities, the Washington Post revealed.

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Contrary to popular belief, the gold standard doesn't result in price stability, according to Forbes.

Price stability not a guarantee with gold standard

Though there has been some renewed talk about the gold standard after China’s conversion of $4 trillion worth of foreign exchange reserves into gold bullion, it’s important to keep in mind that its not a guarantee of price stability, according to an opinion piece penned in Forbes magazine.

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The gold mining industry may reach a majority by the spring of 2015 in South Africa, according to Sibanye Gold, Ltd.

AMCU may gain more gold industry workers

Though South Africa may be known chiefly as a worldwide hub for platinum, it may soon be considered a global attraction for gold as well, according to a well-known precious metal recovery company that operates in the continent’s southernmost country.

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Live Price Charts

Second London Fix price is updated each business day at 10.45 am EST.

Type Date Second London Fix
Gold 10/29/2014 $1,223.50
Silver 10/30/2014 $16.78
Platinum 10/30/2014 $1,243.00
Palladium 10/30/2014 $784.00
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