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February 4, 2009 – Gold’s current spot prices are increasing today due to both short-term and long-term investors entering the market again as news of the deepening recession continues to frighten people all over the world. In the last three days we saw some small declines and the bearish market analysts even said that the metal would go down to the $800 benchmark as a result of the overdone rally, but sure enough as I expected earlier in the week, the ADP job data saying that 522,000 private sector jobs lost in January has sparked safe haven demand once again. The Certified Gold Exchange is experiencing significantly higher amounts of short-term and long-term investors seeking both bullion and certified rare coins. As things continue to get worse for the United States economy, the current spot prices may be a thing of the past, especially with the higher inflation that we could experience in the near future that could skyrocket the prices of precious metals.

Gold’s current spot prices are at around $907.10 per ounce, a $6.50 increase for the trading day and also a $48 increase in the last 30 trading days. Many investors and financial institutions are feeling bullish about precious metals right now and in an article I read earlier this morning it said that $2000 per ounce of gold is almost certain with the global economy heading in the direction that it is right now. Invest well and have an excellent day.

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Arthur McGuire

Senior Staff Writer – Gold-Investment.info