Daily Gold Coin Market Update
December 8, 2009 - Gold coin values decreased slightly today due to a stronger US dollar index, a lower national unemployment rate due to holiday hiring, and a report from the White House that shows that the bailout plan may lose a smaller amount of money than previously expected. For a full report on what our government’s stimulus could eventually mean for the gold coin market, register here for our 2010 Insider’s Guide To Gold Coin Values or scroll down to see a variety of other helpful and award-winning tutorials.
Gold coin values are based on a number of factors, and the most important of these factors is the gold spot price. The roving gold spot price is listed on the COMEX division of the New York Mercantile Exchange (NYMEX). The gold spot price tends to move opposite the US dollar, as do other commodities that are priced using the greenback.
Supply and demand affect gold prices, and this has been especially evident in the past few days. Predominant selling of gold bullion coins has driven the gold price lower, even though the dollar has only shown minimal improvement. Demand for safe-haven assets have escalated gold prices since 2001, and the American gold Eagle coins recently saw a spike in demand after the US Mint announced at www.USMint.gov that these coins would no longer be produced.
Rare gold coins can be price-checked at www.PCGS.com, and you can sometimes buy your investment for a lower price than the PCGS gold coin values by contacting a major national exchange such as the Certified Gold Exchange. You can register below for free, customized information on the latest gold coin values at www.CertifiedGoldExchange.com or by contacting Gold-Coin.com directly.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
