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June 11, 2009 - Safe haven demand for precious metals is growing yet again today as the United States Dollar is showing signs of further weakness while rising crude oil prices has many investors wondering how far inflation will rise, thus several market analysts have adjusted their gold investment predictions to better suit the problems that we may face down the road. Historically, gold and the dollar trade in inverse directions, and today the fiat currency has fallen nearly 1% versus the euro as inflationary concerns have caused masses of wise Americans to shift away from dollar-backed assets due to their long-term risk. During the past high-inflationary periods, American investors flocked to safe haven metals in order to potentially protect their hard-earned wealth from a devaluing dollar, and we may see history repeat itself as the financial crisis gets worse and worse by the day. Some of the latest gold investment predictions are forecasting that the metal could thrive this summer, potentially surpassing the all-time record high of $1033 per ounce and even heading into the unknown territory of $1200 per ounce or higher. I typically recommend that investors track gold investment predictions along with the United States Dollar Index in order to get a better short-term and long-term understanding of what could happen with investing markets.

By around 2:45 PM Eastern Standard Time, gold investment demand is on the rise, yet the spot price is not showing significant signs of momentum because investing markets in general seem to be rather stale today. Gold is currently trading at $956.40 per ounce, up .24% for the day and also up 8.66% in the last year.

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Arthur McGuire

Senior Staff Writer - Gold-Investment.info