May 4, 2009 - Gold investment pricing is seeing some solid gains today, mostly being driven by a weakening United States Dollar and increasing demand for a store of value and alternative investment during these troubled economic times. Gold investment pricing generally refers to the price that an investor pays when they purchase a particular gold product. This price usually fluctuates on a daily basis depending on supply and demand for that particular trading day. In the past eight years, gold has increased in value more than 300% because wise American investors began flocking away from stocks, bonds and real estate and into the historically more preservative precious metals. This similar movement continues today as the financial crisis continues to worsen into the worst recessionary cycle the United States has seen since the Great Depression.
By around 1:30 PM Eastern Standard Time, gold investment pricing has increased considerably as safe haven demand begins to pick up in the United States trading market, and this has pushed the spot price up to $901.50 per ounce, an increase of 1.77% for the day and also an increase of 5.36% in the last year. The metal is currently down 11% since it rose to its 11-month high of $1007 per ounce in February based on several external economic factors such as profit-taking, lower crude oil and a slightly stronger equity market. The latest projections are saying that May could be a powerful month for the metal, and several forecasts are expecting the all-time record high to be surpassed this month as a direct result.
Arthur McGuire
Senior Staff Writer – Gold-Investment.info