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Daily Gold Silver Update

January 15, 2009 – Gold and silver spot prices experience some negative fluctuation today due mostly to the United States Dollar gaining value against the majority of other currencies. This has temporarily decreased both metals’ appeal as an investment alternative but an array of other economic problems could rebound prices unless government aid kicks in hastily and effectively. The trade deficit of the United States fell to its lowest level in five years and we’ve seen some sharp drops in exports such as farm products, automobiles and of course heavy machinery as lower demand for just about everything continues to affect economies worldwide. Gold and silver spot prices should be affected positively while these weakening factors and it is said that precious metals in general could be seeing some excellent gains this year. Only time will tell, but it’s always better to be safe than sorry.

Gold and silver spot prices are currently on a three-day decline and we’re seeing gold down at an $8.70 loss since yesterday to about $811.60 per ounce and silver at around a $.21 loss since yesterday down to about $10.50 per ounce. If you’ve been keeping up with projections you know that it has been said that gold could be trading at around $900-$1200 and silver could be trading at around $15-$18 by around midyear. Last year’s projections were pretty accurate, so let’s just hang on and see what 2009 has in store for us. Have a great day!

Arthur McGuire

Senior Staff Writer – Certified Gold Exchange

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