Since 1919, bankers have come together every day to determine the price of gold around the world. But now the process -- the London Gold Fix – is under scrutiny by British regulators.
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.
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.