Certified Gold Prices Posted by James Randolph on July 27, 2009
Certified Gold Prices
July 27, 2009 – Certified gold prices are inching their way upwards today as everything from the United States Dollar to stock indexes and crude oil are heading downwards amidst growing safe haven demand for precious metals around the globe. It appears that certified gold prices are holding relatively well despite today’s unstable investing markets, and several market analysts are saying that this is being caused by growing inflationary pressures and speculation that gold could climb to $1250 per ounce by the end of the year. In the past few weeks, we have seen new economic data proving that inflation and unemployment are both growing slowly but surely in our economy, thus many investors are beginning to protect their hard-earned wealth by diversifying into gold that has proven its ability to thrive during unstable economic times. In other news, Indian gold demand is in the spotlight, especially since the nation could continue purchasing the metal in large volumes in order to protect themselves from the dangers of inflation that could spark within the next few years. Now that’s a smart idea.
By 1:30 PM Eastern Standard Time, certified gold price are continuing to extend their gains as safe haven demand for the metal is growing in the United States, thus pushing the spot price to $953.20 per ounce, increasing $1.60 for the day and also increasing $14.20 in the last month. The latest market projections are expecting spot prices to trade between $924 and $970 per ounce this week.
Senior Staff Writer – Certified Gold Exchange