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Daily Gold Bullion Update

July 1, 2009 – The United States Dollar is slumping today as a result of the recently released economic data showing significantly higher unemployment and lower consumer confidence that is a direct result of the onslaught of problems that are hammering away at our economy during this worsening financial crisis, thus gold bullion investing is becoming more popular because more and more American investors are learning about their options with one of history’s most preservative assets. The demand for gold bullion investing is rising considerably today as several economic factors are supporting a stronger spot price and higher safe haven demand. Some of the most popular gold bullion investing products are the uncirculated and proof American Eagles along with the pure 24-karat Canadian Maple leafs and the beautiful Pamp Suisse bars. According to some of the latest bullion reports from leading nationwide retailers and wholesalers, the overall demand for gold has risen exponentially within the past few years. This comes as no surprise, especially since history has proven that wise investors flock to the metal during troubling economic times.

By around 12:45 PM Eastern Standard Time, gold bullion investing is increasing in popularity, thus the higher demand has pushed the spot price up to $942.80 per ounce, jumping up 1.75% for the day and also jumping up .33% in the last year. The latest short-term market projections are expecting the spot price to continue climbing into the area of $950 per ounce if the United States Dollar continues facing short-term weakness.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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