Certified Gold Coin Pricing Posted by James Randolph on February 03, 2009
Battle For $900
February 3, 2009 – Today we’re seeing certified gold coin pricing maintain stable as the price of gold continues to fluctuate up and down in a sort of tug-of-war amongst buyers and sellers of the metal. The six-month high of $927.85 we saw on January 30 was the result of a fierce rally of short-term and long-term buyers looking to profit and protect as much of their wealth as they possibly could. Even though we are seeing some small price drops in the price of the metal, the overall long-term investment demand for physical possession bars and coins have actually increased and is predicted to continue increasing as the year progresses. Investors are simply worried about the progression of the United States recession which is why they have their eyes peeled to precious metals and certified gold coin pricing as it could make some significant spikes if things get any worse.
During early-morning trading we saw the price of the metal in the positives but by midday trading it is in the slight negatives, trading at around $891.60 per ounce which is a $13.20 decrease for the trading day but still a $16.70 increase in the last 30 trading days. Projections for precious metals as well as certified gold coin pricing continues to remain bullish and once this buying and selling tug-of-war ends we could be seeing some positive growth. Invest well and have a beautiful day.
Senior Staff Writer – Certified Gold Exchange