, IncDecember 18, 2009 – Current gold prices on the COMEX as well as most gold bullion and rare coin prices remained rather stable throughout this morning’s trading session. The market opened at $1101 and has only moved up slightly, standing at $1011.20 at 11am EST. The incessant flow of data from the US Department of Commerce and the Treasury Department has given mixed signals about the direction in which the gold price may move next, although the increased demand for safe-haven assets is a good indication of what US investors are thinking.
Current gold prices are slightly higher than the market’s opening value for two specific reasons. The dollar strengthened somewhat, which usually causes a decrease in gold prices. However, the majority of investors saw today’s stronger dollar as an aberration, and leveraged their other investments further by increasing their physical possession gold holdings.
GoldPrice.net not only provides the latest information about the gold spot price, our research team has vast amounts of historic and live data on the silver and platinum markets. Both of these metals are largely considered more speculative than gold at the moment, because gold has more of a historical, directly inverse relationship with US currency.
Current gold prices for various products depend on the type of item and the gold exchange with whom you conduct your business. If possible, search for a “reputable gold exchange” through a major search engine and then check that company’s Better Business Bureau reputation at www.BBB.org. Or, you can always contact GoldPrice.net directly for direct information on the live gold market and current gold prices.
Stewart Lawson
Senior Staff Writer - GoldPrice.net
