Daily Precious Metal Update

April 1, 2009 - More and more investors around the world are making the wise decision to purchase gold bullion bars because the metal is projected to outperform most other commodities and investments throughout 2009 based on substantially higher safe haven and risk aversion demand. The United States Dollar is currently decreasing in value versus other major currencies and global traders are eagerly awaiting direction from tomorrow’s G20 Summit in London. World leaders will gather tomorrow in an attempt to tackle the problems occurring in this economic recession, yet speculation says that nothing positive will come out of this meeting because we are already in too deep. It’s no surprise that things are getting progressively worse for the global economy, and just recently Mike Froman, President Obama’s deputy national security adviser for economic affairs said that the world is facing “the most severe economic and financial crisis in generations.” Fortunately, wise investors have a chance to protect themselves by deciding to purchase gold bullion bars before things get even worse.

During the midday trading hours, it’s clearly visible that many investors have already decided to purchase gold bullion bars based on the fact that the daily market spot price of the metal has increased to $924.20 per ounce, jumping up $6.20 or .68% for the trading day. On the other hand, the silver spot price fell to $12.92 per ounce, down five cents for the trading day and platinum increased a bit to $1129 per ounce, jumping up four dollars for the trading day. Let’s see what tomorrow’s G20 meeting has in store for us investors. Invest well.

Daily Updates Archive

Danny Burns

Senior Staff Writer – Precious-Metal.org