Why gold price going down?

[AtheistAKASaneBrain]

Gold is still as solid as ever, nothing can compete against it's network effect, but in the next 10 years Bitcoin will be mainstream because cash will not exist and people will look for alternatives. Gold just doesn't cut it as cash, so Bitcoin is the next alternative. This means a lot of money being put on the ecosystem = everyone holding BTC now is 100% rich in 10 years.

[hawkins]

I guess it's because the demand is less, maybe more people who invest their money in other forms such as bitcoin or other coins, so as to make the gold price to go down

[Drekavac]

This is crisis and effects, people investing when they have money.
Now everyone thinks twice when comes to spend money.

[Imran.shamsi]

The US Federal Reserve plans to raise interest rates this year on the back of an improving American economy, and that is taking the shine off gold.
Why? Because gold is a store of wealth for investors, but generates no returns from regular interest payments or dividend income. Investors have been happy to park their money in gold over the past six years while returns from other 'safe haven' assets have remained low and the economic backdrop has remained volatile. But, with borrowing costs set to rise, commodities, such as gold, are losing favor with investors, as higher returns can start to be generated elsewhere.

[salinizm]

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

gold owners is selling their gold investments and then is buying bitcoin...

[Capitascism]

I don't see why Gold is underpriced?
Gold is very underpriced!

[Drekavac]

http://goldprice.org/
Gold will always be a secure way of storing value!
I'm expecting very strong rise in future.

[romero121]

Gold price is going down, one of the reason for it is the political campaigns going on in US. Recently the supply is found surplus even though the demand is going the same. This causes the price to go down. Now a days people believe gold as a commodity to keep money safe which won't benefit them, so started investing other alternatives like bitcoins, properties,etc

[Drekavac]

Gold is gold and always will be on value

[BTCBinary]

there are a lot of factors that can have a direct influence over the price of gold. we need to consider several implications that influence the price of gold and even bitcoin can have an impact over its price.

[Pab]

gold price going down becouse dollar is going up,dollar down gold price up
Remember it  has nothing with real gold,it is virtual gold traded

[erwin45hacked]

there are a lot of factors that can have a direct influence over the price of gold.

There is only 1 factor that influences the gold which is the USA , they controls most of the gold in this world so they controls the price as well. The average price of the gold was mostly stable enough in the long term since the USA will not want their gold stocks to be dropping in value or price

[AMR008]

I would disagree, people buy gold for safety and I wouldnt class bitcoin as a safe, stable investment. Itz more like a penny stock, high volatility with the potential to make or loose a lot.

[_Miracle]

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

Because it has been in a goldbug created bubble for years?
When gold falls under platinum or platinum rises above gold: the price is more realistic.
P.S.
I love gold, but per scarcity, use and my former favorite form of jewelry =Platinum :-)  

[mrflibblehat]

I don't think bitcoin and gold are influenced by each other. At least not yet. Bitcoin at the moment is not that popular. I believe it will be inthe future but at the moment it's still in its infancy.

[madonnino]

in my opinion i think that the gold is still in a speculative bubble started some years ago when the price went to the moon

[avw1982]

gold price going down becouse dollar is going up,dollar down gold price up
Remember it  has nothing with real gold,it is virtual gold traded

Currently gold is not in any fall I guess. But US market and dollars rate is in good value. Because they are enough of oil from Iran.
So this is the reason for Dollars high pump.
Gold is not going down, only bitcoin is going down at present situation

[eeaweeaws]

I guess it's because the demand is less, maybe more people who invest their money in other forms such as bitcoin or other coins, so as to make the gold price to go down

yeah, I think many people are not accepting gold because gold is only for showoff. It's from not so many benefit if we are buying gold and investing there are no profit. we bought gold and after that sell they are giving less money.

[Lethn]

Mike Maloney did a video on this exact subject just recently.

https://www.youtube.com/watch?v=7rrLNCRkkas

[NordicRanger]

Is the price of gold really falling? I did not know that this could happen. I thought that gold could only go up in price because the gold on earth is slowly becoming less and less.