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May 12, 2009 - Current spot prices are rebounding after minor losses were experienced yesterday based on an overall uncertainty from global investors as to the future of the financial crisis. Today it appears like several of these investors are convinced that the financial crisis may continue to worsen in the short-term as the United States Dollar continues its downfall and stocks follow closely behind it. The overall risk with equities has caused masses of investors to shift their investment funds into safe haven precious metals that have historically thrived during troubling economic times. Several market analysts are saying that the current spot prices are trapped between those who feel that the economy will recover and those who feel that gold could be the ultimate hedge from both inflation and deflation that are looming around the corner. An interesting article that I read on Bloomberg.com last week mentioned that investors should hedge themselves with gold no matter what they feel will happen to the future of the economy because in the long run, the metal almost always increases in value.

By around 1:15 PM Eastern Standard Time, it appears like precious metals are continuing to trade inversely to the United States Dollar, and gold’s current spot prices sit at $923 per ounce, increasing 1.06% for the trading day and also increasing 4.79% in the last 30 trading days. Several interesting spot price projections are saying that we may see $1000 per ounce by the end of May if mainstream financial markets continue in their downward direction.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info