Now priced at around $1,416.15 an ounce?

The price of gold shot up today as the precious metal hit a new two week high. Now priced at around $1,416.15 an ounce, gold seems to be stabilizing after it has only slightly increased in the past few days. The US dollar also declined today helping the precious metal gain traction.

 This comes after news that the jobless claims in the United States has increased following a patch of steady decline.  The Labor Department reported that almost 10,000 people applied for unemployment in the past week alone increasing it to about 354,000 people.

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