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April 29, 2009 - Gloomy economic data in the United States is creating a slight sentiment change for American investors who believe that an economic recovery was on the way, and this is creating many new gold investment projections showing increasing safe haven demand as masses of worried investors began flocking into the historically preservative metal. Some of the most interesting economic data at the moment seems to be the United States gross domestic product that has fallen 6.1% since the beginning of 2009, and it was already down 6.3% in the fourth quarter of 2008. This has caused sentiment change because investors now feel that the United States Dollar will continue to contract, which in turn could mean a gloomy future for fiat currencies as well as stock indexes. Gold investment projections are being directly affected by this news, and recent forecasts are saying that $950 per ounce may be seen during May, with the possibility of $1200 per ounce by June through August. It’s no surprise that these gold investment projections are so bullish, especially since our economy is in the worst financial crisis since the Great Depression.

By around 1:30 PM Eastern Standard Time, the majority of gold investments are increasing in value moderately after seeing significant losses yesterday, and the metal is currently trading at $899.60 per ounce, an increase of .71% for the day and a decrease of 1.77% in the last month. Keep a close eye on any new data that becomes released, as it may set an investment trend in the near future.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info