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January 16 - Daily Gold Bullion Update

January 16, 2009 – Gold bullion spot prices starts to rebound during midday trading as news of the European Central Bank brings uncertainty about the future of the global economy. Investors interested in bullion should take note that it wouldn’t be a bad idea to make a purchase soon. We’ve seen a small incline over yesterday’s gold bullion spot prices up to around $833 per ounce.

This is almost entirely due to the fluctuation of the United States Dollar. While many were hoping for an early 2009 rebound for the Dollar, it wasn’t to be, and we’ve seen just as many ups and downs throughout the first weeks of 2009 as we saw through much of 2007 and 2008. Gold bullion spot prices, of course, will almost always have a direct opposite correlation with the value of the American Dollar.

Really, it’s no wonder that buying precious metals has become such a prominent option for today’s investor. Looking at the current economic crisis, investors are looking for a way to take their finances into their own hands, a way to keep themselves safe and secure during stressful times. Buying gold is one of the few options left for smart investors who want to make sure that their assets are protected.

We may see a light at the end of the tunnel in 2009. Maybe the bailouts proposed in Washington will actually work. Even if 2009 is brighter than 2008, this hasn’t been the first economic crisis American investors have ever faced, and it most certainly will not be the last. Have a beautiful day and invest well!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange

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