All Eyes To The Future Posted by James Randolph on January 27, 2009
January 27, 2009 – All eyes are on the future of certified gold investments and yesterday we saw some significant spikes in the prices of precious metals but overnight and early morning selling puts gold at a little bit less value than expected. Today was the first time in four trading sessions that the metal lost some value due to a few short-term investors selling their metals and waiting till the prices come down again so that they can purchase and sell again etc. The United States Dollar continues to fall and yesterday’s news of 70,000 jobs lost is predicted to spur some safe haven demand in the near future as the recession looks to be getting worse and worse by the day. Things just aren’t looking good for the global economy right now and American citizens are eagerly awaiting President Barack Obama’s $825 billion stimulus plan to see if it will or will not do what is planned. Only time will tell the fate of the United States.
Today we’re seeing gold fall one dollar or .11% to around $901.30 per ounce but it is still at a $32.60 or 3.75% increase in the last 30 days, not bad considering most other mainstream investments are either losing or fluctuating way too fast. Spot prices are already up 1.6% for the year and they’re projected to do much better as further news of the global economy could drive more and more investors into the precious metal markets. Invest well and have a beautiful day.
Senior Staff Writer – Certified Gold Exchange