Gold Bullion Exchange
Posted by Adam King on March 09, 2009
Extra Profit-Taking
March 9, 2009 – Gold rebounded well during the end of last week and it looks like today investors are contacting their most reputable gold bullion exchange in order to take advantage of the 3.6% increase that the metal made in just two days. The weakness with stocks continues to be the main driver for precious metal demand and many wise investors are beginning to stray away from their once-thriving equities in exchange for something a little bit more historically preservative. Although spot prices are falling today, its losses could be limited due to the large amount of long-term investment demand that has been reported by the majority of gold bullion exchanges. Short-term projections are saying that Americans will continue to fear upcoming problems with the economy, especially the massive inflation that could begin when our stimulus package begins to gain motion. Such things could accelerate precious metal prices above and beyond their historical record highs.
The daily market spot price of gold has fallen quite a bit today to $918.80 per ounce, a decrease of $19.60 or 2.09% for the trading day yet still a $7.40 or .81% increase in the last 30 trading days. 18/22 traders, investors and analysts that were surveyed last week believe that the metal will continue to rise this week. This is possible especially since more economic data is set to be released during midweek, which could heighten the fear that people are experiencing, thus driving them to contact their gold bullion exchange in order to protect their investment portfolios with precious metals once again.
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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