How To Tell Where The Gold Prices Are Going?

Gold has once again broken above the $1,320/ounce price level surprising many investors. Is gold a buy now? Watch this Yahoo Finance video below where two analysts discuss what is happening to the gold market.

The Iraq Crisis is taking its toll on the global financial markets. Gold and oil prices are on the rise again. Inflation is once again rising its ugly head.

Gold edged lower on Friday as investors took profits after it posted its biggest daily rise in nine months, but was still set for its biggest weekly gain in four months due to conflict in Iraq and a softer dollar after the Federal Reserve’s comments.