The Gold Exchange Posted by James Randolph on March 16, 2009
Are We There Yet?
March 16, 2009 – American investors eager to see the gold spot price surpass its record high of $1033 per ounce this week will be surprised to see that the metal is losing some ground today due to a slightly stronger United States Dollar and heightened confidence in equity markets, although several wise investors continue to seek the gold exchange that is right for them. Many people are under the impression that our financial crisis is on the way to an end after Federal Reserve Chairman Ben Bernanke said that the risk of another Great Depression has been “averted.” Sure enough, after that was said, stocks rebounded significantly on the hope that corporations could see better days. Still, we are not taking into consideration the inflation that could result from our stimulus and bank bailout packages, and this is why 20/30 precious metal investors and market analysts surveyed from Tokyo to Chicago recommended purchasing gold this week. The metal is predicted to rebound later on in the week as an alternative currencies, so keep your eyes on the spot prices and don’t forget to work directly with the gold exchange that can help you meet your investment needs appropriately.
Today the spot price of gold has taken a hit due to rallies in other financial markets, and it currently sits at $921.50 per ounce, a decrease of $7.90 or .85% for the trading day and also a decrease of $20.10 or 2.13% in the last 30 trading days. Short-term projections are saying that quantitative easing in Europe could cause a beneficial effect for precious metal prices in the near future. Whenever investing in precious metals, deal directly with the Certified Gold Exchange, the gold exchange that is here for you.
Senior Staff Writer – Certified Gold Exchange