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Daily Gold Bullion Update

May 15, 2009 – The trading week is ending on a bad note for the United States Dollar and equity markets that are floundering based on fears that inflation may continue to grow, which in turn would signal a deeper and darker financial crisis, and this is causing wise investors to seek the best gold bullion bars and coins that may protect their hard-earned wealth. When looking for the best gold bullion bars and coins, it’s important that you fully research all of the possibilities and variables because for example, several bullion products are 22 karat (American Eagles) while others are 24 karat pure gold (Canadian Maple Leafs). Working directly with a precious metal expert is highly recommended for new and experienced investors alike, because two heads are always better than one and there are always new developments that are occurring which may be important to know when diversifying.

By around 2 PM Eastern Standard Time, it appears like more American investors are beginning to purchase the best gold bullion products for their portfolios, and this increasing safe haven demand has pushed the daily market spot price up to $928.90 per ounce, jumping up .35% for the trading day and also jumping up 5.54% in the last 365 trading days. Short-term market projections are saying that the spot price may trade in the $930-$940 per ounce range until further negative economic data creates momentum to push into $950 per ounce and further. This being said, keep a close eye on the spot price along with economic data that is expected to be released later on next week.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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