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Daily Gold Bullion Update

April 29, 2009 – More and more wise American investors are beginning to purchase Johnson Matthey bullion bars as a wide array of economic factors are driving many to begin protecting their hard-earned wealth with a historically preservative asset. Financial markets in general are seeing what has been considered “odd movement” because several historical correlations are not apparent at the moment. Basically, the United States Dollar is falling while stock indexes are strengthening and crude oil is dropping while gold like the Johnson Matthey bullion bars are increasing in value. Different factors from the latest negative economic data along with inflationary pressures are causing significantly mixed feelings as to the future of investments, and fortunately it appears that wise investors are taking the opportunity to purchase safe haven metals in order to protect themselves from problems that may lie ahead for the United States economy.

By around 11:50 AM Eastern Standard Time, the overall investor demand for popular gold products like the Johnson Matthey bullion bars and Pamp Suisse bullion bars is increasing, and we are noticing this because of a significantly higher spot price that currently sits at $900.70 per ounce, jumping up .83% for the trading day yet still falling down 1.65% in the last 30 trading days. Short-term projections for May continue looking bullish, and the Certified Gold Exchange is reporting an average forecast of $930 per ounce depending on whether or not the financial crisis continues to worsen and safe haven demand climbs as it is doing today.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer – Gold-Bullion.org

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