Daily News

January 27, 2009 – Gold investment pricing is the talk of the day as we see most bullion products lose a tiny bit of value overnight while the majority of certified investment-grade rare coins continue to stand strong amidst the small losses in spot prices. This fluctuation was caused by a small amount of short-term investors exiting the market to profit quickly but it’s been said that this will not last long and those same investors will be re-entering the market along with many new ones once the news about the unemployment and worsening recession kicks into full throttle. Today we see the United States Dollar losing value versus its major competitors, which is odd because gold investment pricing has also lost value and that is something that we do not see very often.

Today the gold spot price is at around $901.30 per ounce, down one dollar or .11% for the trading day but still at an increase of $32.60 or 3.75% in the last 30 trading days. The spot price is already up 1.6% this year and in the last four trading sessions the gold investment pricing has increased a remarkable 5.7%, not bad considering the majority of other mainstream investments are at a loss at the moment. Historically, precious metals thrive during times like the ones we are experiencing right now which is why there is much potential for increase this year. I wish you the best luck with investing, and have an excellent day.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info