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April 27, 2009 - The majority of bullion gold investments are losing value today while several certified rare coins are staying flat based on small profit-taking by short-term investors that are exiting the market after it hit $910 per ounce last week. Two major external economic factors that are influencing the value of gold investments at the moment are the strengthening United States Dollar and a 5% drop in crude oil prices. Profit-taking investors may have exited the market at the wrong time, especially since the latest projections are expecting further increases in the near future as a result of the worsening global financial crisis. The latest economic data from the World Bank and the International Monetary Fund saying that the financial crisis is turning into a “human calamity” has caused many investors to reconsider their diversification options because mainstream financial markets may lose considerable value down the road if this crisis gets any worse.

By around 1:15 PM Eastern Standard Time, the value of several gold investments are continuing to show signs of short-term profit-taking, and the daily market spot price of the metal is currently at $907.40 per ounce, dropping $6.10 for the day yet still rising $20.90 in the last year. Several market analysts believe that we may see $930 per ounce by next week, and possibly even $960 per ounce in two weeks if the safe haven and jewelry demand continues to pickup as it did last week. This being said, keep a close eye on the market as well as any negative economic data that may become released.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info