Daily Gold Coin Update
April 7, 2009 – Gold bullion products such as the Canadian Maple Leaf and South African Krugerrand are jumping up in value today after falling for three days in a row due to increased confidence in the stock market which ended up as only a short-term rally. Safe haven demand is increasing yet again, which is why precious metal spot prices are rebounding adversely to stock market indexes around the world. Several market analysts believe that the gold stock price has fallen to much in the past few days and that this could result in a serious rebound this week which has the possibility of reaching the high $900 per ounce benchmark. Bullion coinages like the Canadian Maple Leaf along with certified investment-grade rare coins like the $20 Lady Liberty would most likely benefit from this upward movement that could make precious metal investors very happy. So far this year, investors have witnessed large amounts of fluctuation in nearly all financial markets, the question is what investment will outperform the rest during 2009?
The currently increasing gold spot price is benefiting many investors at the moment, and the metal is currently trading at $882.30 per ounce, jumping up 1.57% for the trading day but still falling 5.98% in the last 30 trading days. Several of the latest projections are expecting further increases throughout the week as safe haven demand could drive prices much higher than today’s spot prices. Happy investing and don’t forget to diversify while spot prices are still lower than expected.
Arthur McGuire
Senior Staff Writer – Gold-Coin.com
