Gold Eagle Ounce

March 13, 2009 – The value of a gold Eagle ounce is beginning to see a full rebound that could continue into next week after reaching a one-month low of $895 per ounce earlier in the week which caused a large amount of bargain buying. Several short-term market projections are saying that this rebound has the potential of flying up to the record high of $1033 per ounce, so it’s important that we diversify correctly while we can in order to take advantage of this potential increase. Last year on March 17, the value of a gold Eagle ounce reached its all-time record high and many investors are expecting a similar occurrence this time around, which means that the metal needs to gain $100 by Tuesday. Movement like this is very possible especially with the current economic environment that is increasing the value of safe haven assets due to a lower demand for mainstream investments like stocks and bonds.

Today the price of a gold Eagle ounce is seeing some small increases with the spot price that is sitting at around $930 per ounce which equals to a $2.90 gain for the trading day yet still a $9.10 loss in the last 30 trading days. Current prices could signal an excellent time to pick up a few Gold Eagles, especially since the United States Mint has reported that they are running out of metals to complete the stamping process, which could severely decrease the supply in the upcoming months.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org