RSS FeedRSS

LatestGoldSilverPrices

April 20, 2009 – The latest gold and silver prices are rebounding after some short-term instability that has been seen in the past few weeks based on speculation that the United States financial crisis would end sooner than expected, yet after today’s negative economic data it appears that more and more wise American investors are deciding to protect their investment portfolios with precious metals as opposed to unstable stocks. The market movement that is occurring today has been considered a bit odd by market analysts because precious metals are increasing in value while stocks are falling and the United States Dollar is strengthening. The latest gold and silver prices have been directly correlated to strength with the dollar and equity markets, so it’s crucial that we track both the currency index as well as stock indexes in order to maximize our precious metal investment during these troubling economic times.

Investors have become increasingly cautious with mainstream financial markets in the short-term, and this is why the latest gold and silver prices are increasing due to higher-than-expected safe haven demand for precious metals. Gold is currently trading in the area of $883.70 per ounce, an increase of $15 for the trading day while silver is currently trading in the area of $12.07 per ounce, an increase of $.18 for the trading day. Stock markets are expected to continue contracting in the short-term, so we may see safe haven assets taking prominence in the next few weeks as wise investors begin flocking to them in order to preserve their hard-earned wealth.

Shannon King

Senior Staff Writer – GoldSilver.org

GS social media share img

Get Your Complementary Award Winning Guides Below

 Publish Real Money Magazine

 Publish Gold Investment Magazine

 Publish IRA 401K Kit Magazine

 Real Money Magazine