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Daily Gold Bullion Update

June 8, 2009 – Gold bullion investing has increased in popularity significantly since 2001 as masses of American investors began shifting into the metal based on speculation saying that the economy was approaching a contraction. Many of these wise investors purchased products like the Credit Suisse bullion bars in order to protect their hard-earned wealth, and even profit as the spot price increased. The Credit Suisse bullion bars are some of the most popular precious metal bars available because they have a simple design with an affordable price tag when compared to other popular bullion products such as the American Eagles and Pamp Suisse bars. Always remember that before deciding to diversify into precious metals, it is always recommended that you fully analyze your investment portfolio in order to find out whether gold bullion is right for you.

By around 1:45 PM Eastern Standard Time, Credit Suisse bullion bars along with all other modern-day bullion products are experiencing minor losses for the trading day as the spot price of the metal takes a small step back due to a stronger United States Dollar, and currently the spot price is sitting at around $950.70 per ounce, decreasing .38% for the day yet still increasing 3.80% in the last 30 days. Short-term market forecasts are showing a tug-of-war between optimistic and pessimistic investors, and it appears that half of the major market analysts are saying that the metal will rebound this week while the other half is saying that it is poised to test the $930 per ounce area again.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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