Thanks for reading this post. A quick update on how much gold is worth today May 5th 2012. Still gold is not giving a great buy signal. Price is still consolidating and is well priced for those who wish to go long on gold for medium to long term investment. Charts courtesy of stockcharts.com. Chart below shows that gold has been holiding above the $1625 level for the last couple of months. This is clearly some kind of support level. A breach and close below this would be something to watch out for.

Price of Gold - May 5th 2012