Daily Precious Metal Update

August 10, 2009 - Precious metals investing has lost a bit of popularity today as many American investors are re-entering riskier paperbacked markets due to a stronger United States Dollar Index. Despite the current optimism with dollar-backed assets, short-term projections are forecasting that overall confidence with the fiat currency is not strong enough to sustain long-term bullishness, thus we could see dollar contractions within the next few weeks if wise investors shift away from riskier investing markets in exchange for precious metals investing.

Gold Spot Price = $945.20 per ounce, decreasing $10.20

Silver Spot Price = $14.35 per ounce, decreasing $.25

Platinum Spot Price = $1247 per ounce, decreasing $16

According to several market analysts, precious metals investing markets will continue being driven by the ever-fluctuating United States Dollar that in reality has been driving the majority of investment markets since the beginning of our economic recession. To make matters even worse for the dollar, the Federal Reserve is planning to hold a meeting tomorrow that may discuss increasing interest rates before the end of the year. If these interest rates are increased before our economy begins to show true signs of growth, we may see inflation spark like it did in the late 1970’s when gold and silver spot prices increased more than 800% in two years as a result of rising interest rates and inflation that left investors with no other wise option except to protect themselves with precious metals investing. If you would like to learn more about this elaborate market, feel free to browse this website or visit www.Gold-Investment.info.

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org