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April 28, 2009 - Gold investment forecasts have been showing signs of both bullishness and bearishness because there seems to be market analyst who feel that the economy will get progressively worse while others feel that the economy is on its way towards a recovery. Some very important news is coming directly from the public health sector, saying that the latest swine flu outbreak is not containable, and this is causing short-term sentiment that the global economic recovery may be halted for the meanwhile. The latest gold investment forecasts are showing signs of an inverse correlation with the metal and the United States Dollar as well as a small correlation with the metal and crude oil prices.

By around 12:20 PM Eastern Standard Time, it appears that American investors are still flocking to the United States Dollar that increased in value about 1.3% yesterday, and this has driven the gold spot price down to $891.40 per ounce, a drop of $14.80 for the day and a drop of $31.70 in the last month. Gold investment forecasts have been adjusted to better suit the current health worries, and this is probably why several market analysts believe that increasing safe haven demand may push the spot price of the metal all the way up to $940 per ounce by the middle of May. It is highly recommended that investors keep a close eye on the daily news in order to better understand what may occur in the future of precious metal investing.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info