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Daily Gold Bullion Update

March 16, 2009 – The gold bullion Krugerrand is world renown as one of the most popular bullion products available, and today these coins are seeing a slight decrease in value as American investors move into the stock market in order to possibly benefit from the rally that is occurring due to higher confidence in the United States economy. This higher confidence comes from the latest news that the Federal Reserve Chairman Ben Bernanke announced saying that a Great Depression has been avoided and that the United States recession will come to an end “probably this year.” This caused a slightly reduced appeal in precious metals such as the gold bullion Krugerrand due to investors preferring the instability of the stock market during this troubling time. Although it’s always good to hope for the best, we need to realize the problems that are occurring now such as the rising inflation and unemployment rates that are predicted to continue rising above 8.1% in the near future.

Investors who own products like the gold bullion Krugerrand understand that the market has taken a step backwards today after rallying for four days in a row last week, and the current spot price sits at $921.50 per ounce, down $7.90 for the day and also down $20.10 for the month. Many market analysts are expecting a rebound in value by the end of the week due to investors continuing their search for on alternative to currencies that also has the potential to profit during this difficult economic period.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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