Gold Prices are up yet again in New York. Currently Prices have settled at $1241.30 and ounce, up close to $8 an ounce. The volatility of the stock market, and the uncertainty of the US economy is helping to push gold up close to it’s all time highs. Prices settled the day at a two month high, and look to continue the rally the rest of this week.

Pratik Sharma, Managing Director of Atyant Capital, feels that the volatility of the Dow may spill over into the gold markets, now that the Dow is trading at, or below 10,000. As the US economy continues to show signs of a weakening recovery, investors are turning to gold as a way to preserve their wealth. The dismal numbers released by the Commerce Department showing large drops in both new and pre-owned homes, has contributed to the uncertainty in the economy. Investors will turn their attention to the Federal Reserve’s two day meeting with various world bankers in Wyoming which begins on Friday, for signs of any additional monetary easing.