January 13 - Daily Gold Eagle Update

January 13, 2009 – Gold Eagle projections look to be more positive than ever despite the sudden decreases in spot price due to a strengthening the United States dollar and weakening commodity prices. It’s projected that confuse investors will return to the early destination and physical possession gold and that a sudden surge in demand as well as price could be seen in the near term as thousands of investors turn to precious metals as the ultimate safe haven from the storm. 2008 was an excellent year for precious metal investors and last year’s gold Eagle projections became a reality as we saw bullion strike a record high of $1030.80 in March. All eyes are on the United States Dollar and other major currencies as they have been leading the way for spot prices and the expected drops in value and the United States Dollar could mean some spikes in price in the near future.

It’s a beautiful day despite losses in the gold spot price, and currently the metal was trading at around $825.60 per ounce, which is a $28 or 3.28% decrease for the day but still a $3.60 or .44% increase for the last 30 trading days. Gold Eagle projections are saying that $900-$1200 per ounce is a high possibility this year and that higher investment demand could see increases in other precious metals appeal as well. Only time will tell, so until then invest well and have a beautiful day!

Daily Updates Archive

Arthur McGuire

Senior Staff Writer - Certified Gold Exchange