Daily Precious Metal Update

July 27, 2009 - Precious metal bars are further extending their gains today as safe haven demand has been put in the spotlight once again based on significant weakness with the United States Dollar Index and mainstream stock indexes. The latest economic conditions are proving to be quite beneficial for precious metal bars because weaker dollar-backed assets have caused more and more wise American investors to flock into gold, silver and platinum markets in order to potentially protect their hard-earned wealth with safe haven assets.

Gold Spot Price = $954.60 per ounce, increasing $3

Silver Spot Price = $14.03 per ounce, increasing $.16

Platinum Spot Price = $1219 per ounce, increasing $33

According to several market analysts, precious metal bars may continue increasing in value in the short-term as economic factors are creating higher safe haven demand, thus the latest projections are saying that gold could reach $975 per ounce, silver could reach $15 per ounce while platinum could reach $1300 per ounce by the end of the week. Popular precious metal bars such as the ones produced by Johnson Matthey, Credit Suisse and Pamp Suisse could continue extending their gains as wise American investors are purchasing them in order to protect their hard-earned wealth from inflation, deflation and anything in between. If you would like to learn more about the most popular bullion bars available, feel free to browse this website or visit other reputable websites such as www.Gold-Bullion.org and www.Gold-Investment.info.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org