Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 9:12 am ET, was $2,993.16 per ounce. That’s up 0.34% from yesterday’s gold price of $2,982.98.

Last March, some of the most optimistic gold experts projected the spot price of gold to reach $2,300 or $2,400 per ounce in the next year or two. By summer, the price of gold surpassed $2,400 for ...