, IncDecember 8, 2009 – Future gold prices could be quite bullish although the dollar has managed to regain some of its strength in the last week. Between Friday and Monday, the gold spot price declined from over $1200 to $1160, and most of this drop-off has been attributed to short-term profit seekers who exited the market to take profits. To learn the quick and easy way to track the gold market, click here or register below for your free information kit, including the 2010 Insider’s Guide to Future Gold Prices.
As a matter of fact, the Kitco Gold price Index listed at www.Kitco.com shows that today’s pullback in the gold spot price is exclusively due to predominant selling, because the US dollar index dropped this weekend. The dollar’s inverse relationship with gold aided the gold spot price, but those gains were slightly outweighed by the investors who liquidated their holdings for holiday shopping purposes.
At the moment, skepticism over traditional markets abounds within our nation because no one is sure what radical monetary moves will be made next by our policymakers in Washington. When Ben Bernanke and the rest of the “experts” at the Federal Reserve start to raise interest rates in 2010, this could set off a bout of inflation that may not ease for a decade or more.
Thompson-Reuters recently conducted a poll in which 80% of CEOs within the United States feel that our government’s current stimulus will be unsuccessful, and these sentiments have been echoed by American household investors since the first government handouts were announced.
Future gold prices could go up or down, because anything could happen in this economy. For live gold prices or projections on what could happen in the gold market, request our free information kit below or simply call our toll-free number for answers to your questions.
Stewart Lawson
Senior Staff Writer - GoldPrice.net
