, IncJuly 14, 2009 – Live gold prices are slowly inching their way upwards today on the New York Mercantile Exchange as safe haven demand continues to increase in the United States based on long-term inflationary pressures that are slowly but surely building in our economy. Many investors are currently flocking to the gold market in order to hedge themselves from the potential inflation that could be looming around the corner, especially since government officials have already mentioned further stimulus packages, which could result in even more excessive overprinting of dollars. It’s very important that investors interested in this market learn how to track live gold prices because it could make a significant difference when looking to maximize investing potential. As you may already know, live gold prices fluctuate every few minutes as the laws of supply and demand push and pull prices like a never-ending teeter-totter. Feel free to use the resources available on this website to your advantage, and don’t forget to take a look at the historical charts and graphs in order to get a better understanding of market movement that has occurred throughout the years.
By 1:30 PM Eastern Standard Time, live gold prices are showing minor gains for the session despite a stronger United States Dollar Index and tumbling crude oil prices. The current spot price of the metal is sitting at $923.10 per ounce, up $2.20 or .24% for the trading day, down $15.30 or 1.63% in the last 30 trading days, and also down $49.10 or 5.05% in the last 365 trading days. Happy investing.
Arthur McGuire
Senior Staff Writer - GoldPrice.net
