Gold Spot Price $1691.2 -2.00    Silver Spot Price $31.77 +0.01    Platinum Spot Price $1545.00 +1.00    Call Our Gold Bullion Hotline at 800-300-0715 For Live Quotes On Gold Coins And Bars - Always Free, Insured Delivery.
Daily Gold Bullion Update

August 10, 2009 – Gold bullion pricing has fallen today as a slightly stronger United States Dollar is limiting safe haven demand in the short-term, yet several market analysts are expecting a rebound by the end of the week as a result of overall lower confidence with dollar-backed assets at the moment. Despite gold bullion pricing falling to a 10-day low today, the metal is still holding on quite well to its value, currently sitting at $944.90 per ounce, decreasing $10.50 for the day, yet increasing $31.90 in the last month.

As you may already know, gold bullion pricing fluctuates up and down every trading day based on supply and demand, and in the past few years we have seen the metal trading in a powerful inverse correlation with the United States Dollar Index. This is occurring because American investors are either flocking to safe haven precious metals or riskier dollar-backed assets throughout this financial crisis. According to several market analysts, dollar-backed assets may face problems down the road once the United States Federal Reserve decides to increase interest rates, because after all this could spark higher inflation, which in turn devalues paperbacked investments and typically strengthens gold bullion pricing. History has proven that the metal thrives during high inflationary environments, and for example, between the years of 1978 and 1980, the spot price of gold increased more than 800% as a result of the Federal Reserve increasing interest rates before true stability was seen in our economy at the time. This being said, if similar events happen in our current economy, wouldn’t you like to know that you have a few bars and coins that could help you thrive?

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer -

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