Posted by Adam King on April 15, 2009
Road To Recovery Or Doom?
April 15, 2009 – The tug-of-war between optimistic and pessimistic investors continues, and this has caused moderate fluctuation with most financial markets including certified coin investments that are increasing in value during the midday trading hours as speculation begins to build about the future of the United States economy. The spot price of gold is drifting between gains and losses in New York and many market analysts are blaming this on mixed sentiment amongst American investors. It appears that wise investors are beginning to take a step back by rethinking their investment decisions, and this is causing a small rally to safe haven assets that has been sparked by long-term inflationary worries. American consumers are already beginning to retreat from unnecessary spending, and this has been shown by the unexpected retail sales data that fell 1.1% in March. Short-term market movement is expected to be positive for certified coin investments, but keep a close eye on any external economic factors such as the strength of the United States Dollar and the stock market because they may create more fluctuation in the upcoming weeks.
During the midday trading hours, certified coin investments are benefiting from the increasing gold spot price that currently sits at $890.50 per ounce, up $1.20 or .13% for the trading day yet still down $38.90 or 4.19% in the last 30 trading days. There have been no notable market projections released so far this week, but new projections may be released after the swarm of corporate earnings reports begin to flock in.
Senior Staff Writer – Certified Gold Exchange
US Gold Market