Daily Precious Metal Update

March 26, 2009 - In the last two years, palladium bullion has been referred to as one of the skeptical precious metals to invest in, but the recent rally to metals is sparking interest in pretty much any physical possession asset that has the potential of increasing in value in the upcoming months and years. Today, precious metals are trading slightly higher because of the latest economic news showing that the United States recession is only getting progressively worse with increasing unemployment and the worst economic contraction rate since 1982. Wise investors are beginning to reconsider their options, and thus many are turning to the safety and profit potential of precious metals such as gold, silver, platinum and palladium bullion. Today marks an important day for the platinum family of metals since its spot price has increased to a six-month high based on speculation that the demand for auto catalysts will increase in the near future.

During the midday trading hours, precious metal spot prices are doing quite well, with gold trading at around $938.50 per ounce, silver trading at around $13.68 per ounce, platinum trading at around $1149 per ounce and palladium bullion trading at around $222 per ounce. All have made gains for the day as safe haven interest is sparking yet again due to fears that the global economy could enter something similar to the first Great Depression. Invest well and don’t forget to diversify your assets appropriately by working directly with companies like the Certified Gold Exchange.

Daily Updates Archive

Danny Burns

Senior Staff Writer – Precious-Metal.org