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Daily Gold Bullion Update

September 10, 2009 - Gold bullion projections from the nation's top researchers are looking to edge up over the next 180 days, because the Federal Reserve's quarterly report on the economy shed some new light on the falling real estate market and other struggling industries. Experts around the nation believe that gold bullion projections will be directly influenced by the performance of traditional investments over the next few months.

The Fed's beige book assessment informed the country that the commercial side of the real estate market is still struggling to stabilize. The report also stated that while the automobile industry performed better than expected in the past quarter, this could be due to the $1 billion that the government's bailout plan threw at that market. Other merchants around the United States are still fighting to stay in business in a shrinking economy. Over 400 banks are currently on the government's "troubled" list, and this has caused many investors and banks with spare cash to invest in precious metals. The thought behind this move is that commodities like gold and silver will incrase if the economy continues to drag down traditional investments.

Gold bullion projections will likely fluctuate somewhat over the next couple of months, as the government hopes to spur economic activity by releasing positive data, while at the same time foreign markets watch US debt increase and drop US holdings. No economist with ideas about what gold will do makes any guarantees, however. Historical data points to current trends in the cycle, and many prognosticators believe that precious metals values could be influenced by a combination of the falling dollar and corporate and US debt increases.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer - Gold-Bullion.org

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