April 9, 2009 - The future of gold investments continues to look bullish and many market analysts and financial institutions are expecting the metal to surpass its all-time high by the end of the year based on speculation that safe haven demand will continue during this worsening financial crisis. This week has seen some weaker than expected fluctuation for gold as several investors began taking interest in the stock markets that according to Bloomberg.com are only seeing a short-term rally. This short-term rally is expected to end once more negative economic data becomes released proving that the United States economy is not headed in the right direction. Since December 2007, our government has used up more than $10 trillion in an effort to combat negative fluctuation with the United States Dollar ad stock market, but sure enough these actions are expected to be the downfall of our economy because massive inflation could spark down the road. Fortunately, this would be beneficial for the future of gold investments, so don’t let the opportunity pass you by.
During the early morning trading hours it seemed like the gold spot price was seeing some small gains for the day, but midday trading in showing a decline down to $877.90 per ounce, down $2.10 for the trading day and also down $19.40 in the last 30 trading days. Keep a close eye on the value of the United States Dollar along with equity markets because both George Soros and Marc Faber are expecting a contraction in the near future. Let’s hope for a brighter future of gold investments.
Senior Staff Writer –-Investment.info