Daily Gold Eagle Update

July 31, 2009 – When investing with gold Eagle coins, it’s very important that investors understand how to track gold Eagle values in order to potentially maximize their short-term profit and long-term preservation potential. As you may already know, gold Eagle values fluctuate on a daily basis as supply and demand pushes and pulls spot prices, thus it always helps to keep a very close eye on the spot price by frequently visiting websites such as www.GoldPrice.net and www.Kitco.com. When it comes to individual products, bullion American Eagles are usually priced about 5% above the spot price while certified rare Double Eagles are usually priced depending on their condition and rarity. Track Double Eagle prices by visiting reputable online price guides such as the ones hosted by the Professional Coin Grading Service (www.pcgs.com) and the Numismatic Guaranty Corporation (www.ngccoin.com).

During the midday trading hours, gold Eagle values have increased significantly as the spot price of gold continues to climb based on American investors flocking to safe haven precious metals in order to further protect themselves from the inflationary pressures that are growing in our economy. This is without a doubt a wise idea, especially since market analysts are forecasting that inflation could continue pushing spot prices up until a true economic recovery seen. Today’s higher safe haven demand has pushed the gold spot price to $951.40 per ounce, increasing 1.90% for the trading day and also increasing 2.68% in the last 30 trading days.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org