, IncAs the end to a successful decade of investing arrives, gold price quotes show that continued growth can be expected heading into 2010. Analysts predict that the economic factors that have been pushing the upward movement of gold are still in place and persist to drive prices of the precious higher.
For the first ten years of the 21st century, gold price quotes have made steady gains, up to nearly 400% of their value at the start of the decade. This roaring success was made possible largely due to declining economic conditions that have substantially weakened the United States dollar.
Even in the final month of 2009, gold overcame a sell-off to remain close to its all-time high price. In fact, gold rose in price nearly 26% for 2009 and its five-year growth was up an astounding 149%. Even on the heels of such impressive growth, gold appears ready to climb again.
The variables that move gold price quotes up are still in place. The United States economy, the fiscal health of the US dollar and worldwide demand are all positioned to take gold higher. Some experts have even suggested that gold could go a high as $1,350 per ounce next year alone. This type of jump would represent another 20-25% increase in price.
In general, precious metal prices have been rising; gold price quotes have reflected that increase. Gold is typically the most actively traded metal as many people are attracted to its profitability and resilience as an investment vehicle. With ideal financial conditions and high demand, prices will likely continue to climb well into 2010
Stewart Lawson
Senior Staff Writer - GoldPrice.net
