Buy Certified Gold Posted by James Randolph on August 31, 2009
Signs Of Economic Recovery?
August 31, 2009 – The trading week has begun a bit slower than expected for precious metal spot prices as the United States Dollar Index climbs based on signs of an “economic recovery,” yet wise American investors are still deciding to buy certified gold in the event that inflation begins to grow to dangerous levels by year’s end. It appears that gold in general is taking direction from the United States Dollar as both assets have been trading in a negative correlation since the beginning of 2009. According to several market analysts, investors may continue to buy certified gold in the short term as uncertainty about the future of our economy continues to create instability with investing markets. Fortunately, safe haven precious metals tend to thrive during unstable times, thus we may see more investors turning to the market within the next few months if inflationary pressures grow to expected levels.
By 9 AM Eastern Standard Time, it appears that less American investors are turning to gold as signs of an “economic recovery” could create stronger dollar-backed investing markets in the short-term, still wise investors are continuing to buy certified gold in order to protect themselves from inflation, deflation and anything in between. Currently, the metal’s spot price is fluctuating around $947.60 per ounce, decreasing $8 for the trading day, yet still increasing $117.70 in the last 365 trading days. The latest projections are forecasting that the spot price may trade around $960 per ounce until further direction is given from the United States Dollar Index.
Senior Staff Writer – Certified Gold Exchange