Posted by Adam King on April 20, 2009
Stock Contraction, Safe Haven Recovery
April 20, 2009 – Global stock markets are contracting today at a faster rate than expected, and several market analysts believe that the recent rally was overdone, thus wise investors who want to prevent further losses from unstable equities are turning to the Certified Gold Exchange in order to begin a precious metal investment on the right foot. Gold has decreased in value consecutively in the last four weeks, which is the longest losing streak since August based on speculation that the United States recession would end sooner than expected, but the latest economic data is showing that an economic recovery may not be possible for a least another year or so. Wise investors at taking a cautious approach to investing at the moment, especially since mainstream financial markets are expected to continue seeing instability as safe haven demand becomes priority during this worsening financial crisis. The Certified Gold Exchange is here to assist any American investor who wants to protect the hard-earned wealth during these troubled times.
During the midday trading hours, the Economic Research Team here at the Certified Gold Exchange is reporting a spot price of $887.40 per ounce, up $18.70 or 2.15% for the trading day, yet still down $65.20 or 6.84% in the last 30 trading days. Short-term projections are expecting spot prices to continue increasing throughout the week, especially since massive Indian demand is expected to begin as a result of the Akshaya Tritya festival, which is a large celebration of good fortune. Also, wedding season in India is expected to further increase spot prices in the near future.
Senior Staff Writer – Certified Gold Exchange
US Gold Market