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April 30, 2009 - Short-term gold investment predictions are saying that the metal will experience some resistance between $900-910 per ounce, yet if it surpasses that psychological border, then the metal could push up to $930-$960 per ounce by the middle of May. External economic factors are continuing to fluctuate the majority of investing markets, and today we’re seeing global stocks increasing in value while the United States Dollar is strengthening and gold is taking a few steps back. Inflationary pressures are still very apparent in our economy, especially since the Federal Reserve is planning to press on with their purchasing of toxic assets that could mean a significant loss in value for the dollars that we already have. In other news, the United States gross domestic product has contracted 6.1% in the last quarter, yet the Federal Reserve is saying that our contractions seem to be easing. This being said, it’s important that we keep a close eye on the latest gold investment predictions because they may forecast a flock into the market if stocks and the United States Dollar begin to flounder.

By around 12:30 PM Eastern Standard Time, it appears like gold this taking a step back despite a moderate rally that was seen yesterday, and the metal is currently trading at $886.60 per ounce, a decrease of $11.70 for the day yet an increase of $10 in the last year. Longer-term gold investment predictions have said that investors could see $1200 per ounce by mid-summer, so let’s hope for the best.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info