Daily Gold Eagle Update

March 23, 2009 - The gold Eagle market is seeing some downward fluctuation for the second day in a row due to strengthening equity markets as a result of the latest United States plan to clean banks from toxic assets. The United States Government is currently undergoing a massive task with the hope of ending the recession we are currently in, yet many investors and market analysts believe that this cannot be done in a short period of time. This is causing masses of people to enter the gold Eagle market once again in order to potentially hedge their hard-earned wealth from problems to come. The United States Dollar is also increasing in value, and short-term predictions are saying that its strength will be the main driver for where the gold Eagle market ends up during the upcoming weeks. This being said, it’s important to track fiat currencies along with the movement of major financial markets in order to make the optimal investment in precious metals during 2009.

Today, bullion coins are seeing some small losses as the spot price falls to $951.20 per ounce, a decline of .15% for the day and also a decline of 4.23% for the month, yet an incline of 3.48% for the year. Many people are still feeling very bullish about the future of the metal, and the average 2009 projection is sitting at around $1100 per ounce. Let’s see if it has the potential to outperform the majority of financial markets throughout the year.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org