Daily Gold Eagle Update

May 15, 2009 – Gold Eagle prices are determined based on a variety of different factors such as the spot price and any additional premiums that are added such as government minting fees or numismatic value. It is very important that investors understand that gold Eagle pricing can refer to either the modern day American Eagles or the pre-1933 Double Eagles, and they both have very distinct pricing. For example, the modern-day American Eagles are sold depending on the spot price along with the United States Government’s minting and refining premium while on the other hand, the pre-1933 Double Eagles are sold depending on the spot price along with condition, rarity and population. When investing, it is always highly recommended that you work directly with an expert at the Certified Gold Exchange in order to receive optimal assistance when diversifying into safe haven precious metal investments.

By around 3:30 PM Eastern Standard Time, it appears like gold Eagle pricing is on the rise for the second consecutive trading week as safe haven demand is pushing spot prices into the technical resistance level of $930 per ounce, yet the metal is pushing hard, currently trading at $930.70 per ounce, up five dollars for the day and also up $40.10 for the month. Several market analysts are saying that further safe haven momentum may push the metal into the $950 per ounce range by next week, so keep a close eye on the spot price along with anything that could create fears about a worsening financial crisis.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org