, IncDecember 9, 2009 – Gold investment values rose slightly during Wednesday’s trading session, after gold’s recent rally to $1226 was stalled this week by a stronger US dollar and increased confidence on behalf of US consumers. The gold spot price at 4pm EST was $1128, and gold has risen an overall $24 in the last 30 days.
Gold investment values vary based on the COMEX gold spot price, which is available around the clock on the GoldPrice live ticker. This spot value fluctuates based on supply and demand, and the latter has been growing lately because of gold’s worth as a privately-held, safe-haven asset.
Gold and other commodities that are priced in US dollars cost more when our currency falters, and this inverse relationship between the yellow metals and the greenback has been proven in the 1930s and again in the 1970s. Inflation destroyed cash accounts during those cycles and many economists expect massive inflation once the Federal Reserve starts to raise interest rates.
Gold bullion investments are usually made when a short-term inflation cycle is foreseen, and some investors have utilized gold bullion to hedge their portfolios against any upcoming inflationary trends. Other investors are concerned with more than simple inflation, and this second demographic is concerned with the long-term solvency of our dollar, our economy, and our nation.
These investors tend to shy away from gold bullion investments and instead purchase certified gold coins. Learn more about gold bullion and certified gold by registering below for our award-winning 2010 Insider’s Guide to Understanding Gold Investment Values.
Stewart Lawson
Senior Staff Writer - GoldPrice.net
