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Daily Gold Bullion Update

March 10, 2009 – Wise investors who can see problems in the future are researching how to buy gold bullion, especially since prices have fallen significantly in the past few weeks which usually means a good time to enter the market. When researching how to buy gold bullion it is important to analyze the wide variety of market conditions that can push spot prices in various directions. For example, today the metal has decreased in value about 2.98%, and with projections saying that 30% to 40% growth is possible by the end of the year, now may signal a good time to diversify into bars and coins in order to maximize profit potential. Although prices remain under pressure at the moment, financial markets have fluctuated so much in the past few years that anything is possible. Keep a close eye on the value of the United States Dollar along with crude oil prices and economic data in order to have a more comprehensive view on the external factors that can alter precious metal prices.

During midday trading the bullion spot price sits at around $894 per ounce, a decrease of $27.50 for the day and also a decrease of $17.40 for the month. Another important tip when finding out how to buy gold bullion is to always track the latest market projections. One of the newest ones released comes from UBS London saying that the metal will continue to gain once again when safe haven demand increases, and this time it could rise to $2500 per ounce over the next few years.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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