As an investment and inflation hedge, gold still looks overvalued, at nearly 30 percent below its peak. But demand for gold is growing in India and China.
California played host to the first gold rush in the mid-1800s. But in 2013, panning for gold isn't so much a way to make money as it is a way to get back to basics.
Gold prices are down again this morning, after falling by more than 10 percent since Friday. Oil prices are also lower. But how do these drops in commodity prices affect your wallet?
After a dazzling rise to more than $1,900 an ounce, the yellow metal has clearly lost its luster. The price of bullion has slumped by 10 percent since the end of last week, down to $1,420 an ounce.
Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss the drop off in gold prices and whether there is such a thing as a safe haven anymore.
Arizona is deciding whether to start making gold and silver legal tender, just after Utah made the move. You won't be paying for groceries in gold coins, but how will it work?
India is the world's largest gold importer. The government hiked import taxes on gold to control the outward flow of cash, but for weddings, the lure of the yellow metal is not fading.
