Not Financial Advice:
The price of gold has been in a bit of a downtrend in recent days, breaking its upward trend from August into October 2012.
Gold hit a 6-month peak in early October, reaching $1,794.10 per ounce, with a low of $1,536.20, though its 12-month high was about a year ago, on November 8, 2011 when it reached $1798.40.
Right now it is sitting at $1,674.10, having dropped more than $31.00 in the past 24 hours, but of course prices can, and do, change by the minute.
In the past 2 years gold hit a high of $1,889.70, and a low of $1,318.70.
CNBC reported on November 5, 2012 that a Mitt Romney win in the Presidential race could mean a strengthening of the US dollar, and a weakening in the commodities, which includes gold.