Spot Gold Price Today Climbs and Should Head Higher

The spot gold price today (Friday) is up slightly, 0.23%, after falling steadily throughout the month of November.
Gold prices started the month of November above the $1,300 line but have since fallen to an intraday low of $1,160 yesterday.
While sentiment is getting pretty low, it’s tough to say if we’ve reached a bottom yet.
Some analysts expect gold could retest its $1,050 low of December 2015, while others think it’s close to a bottom right now.
There are some indicators, however, that are pointing to a possible bottom in gold stocks. If that turns out to be the case, then we could also have an early sign of a near-term bottom in gold itself.
Notably, some of the best forecasters in the markets, and for gold in particular, see higher gold prices in the not-too-distant future.

This post was published at Examiner on December 2, 2016.