Daily Precious Metal Market Update

September 1, 2009 – Precious metal funds seem to be decreasing in value across the board today as a stronger United States Dollar Index has created optimism that an economic recovery may occur before year’s end. In the past few months, precious metal funds have been trading inversely with the Dollar Index, and this comes as no surprise especially since the majority of investors either turn to riskier dollar-backed assets or safer precious metals. This being said, it’s very important that investors closely track the United States Dollar in order to determine future movement with gold, silver and platinum investments.

Gold Spot Price = $949.30 per ounce, decreasing $6.30

Silver Spot Price = $14.72 per ounce, decreasing $.08

Platinum Spot Price = $1236 per ounce, decreasing $9.00

According to several market analysts, safe haven demand for precious metal funds may spike within the next few months as signs of an economic recovery could create short-term inflationary fears. As you may already know, inflation has been a growing problem in the United States economy, and after our massive overprinting of dollars; it shouldn’t surprise investors if inflation grows to dangerous levels down the road. Fortunately, gold and silver investments in particular have proven their ability to thrive during inflationary environments, thus now may be a good opportunity to research this diverse market in order to potentially protect your hard-earned wealth with some of history’s most preservative assets. If you would like to learn more about your options with precious metals, feel free to browse this website or visit www.CertifiedGoldExchange.com.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org