Price of Gold Hits Six-Month High

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Gold is on the move again. The price of the precious metal hit its highest price in six months at around $1,740 per ounce.

The spike comes on expectations of another round of quantitative easing (QE3) from the Federal Reserve.

"Our economists now expect the Fed to ease further at this week's FOMC meeting, providing gold the catalyst it requires to test fresh highs for this year over the coming weeks," Barclays Capital said a note.

Some analysts believe the price of gold will keep going up. They've predicted it could go above its record high at $1,920 per ounce.

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