Good Time for Gold?

For those investigating different investment options vis-à-vis precious metals, now could well be a good time to look into gold.  News on the gold front is that the figure stands at 0.87 percent higher than at its previous monetary-investment analysis.  This, in part, is due to the unfortunate predicament from the weakened US dollar.  So when it comes to buying and selling this precious commodity, having a clear understanding of timing and the global economy is crucial.

Thus, for those with gold, right now could be a good time to think about making a profit on precious metals. On the other hand, if gold is going to keep its seemingly positive upward trend of increasing in value, it could be a good idea to wait.  Gold investment can be a bit tricky, which is why it is advisable to consult a dealing company with a solid reputation.

Gold is also currently doing well due to future actions in place by the International Monetary Fund.  It seems that the IMF is setting out plans to give Italy a loan.  If this goes ahead, the dollar will not fare well as the Euro will strengthen.  In addition, demand will increase for gold as an alternative investment option.

Spot gold prices also increased by 1.4 percent, coming in at $1,707.13 per ounce in Singapore.  However, it seems that other finance reports are indicating that the news on gold is not so clear-cut.  Looking at the recent report from Way2Wealth, it seems that there has been a weakening of gold prices in recent days.  As well COMEX gold plummeted last week, which was the second decline it encountered in a week.  Taking a look at the last year, quarter-by-quarter, a lot has happened.  In the first quarter, there was a significant increase of 11 percent of demand for gold.  The second quarter encountered a drop from $1850 to $1790 as the New Zealand dollar strengthened against its US counterpart.  In the third quarter it was mixed – in July there was a low of $1490 but by September a high was reached of $1921.  So far, the last quarter of 2011 has been relatively stable but there are still a few weeks before we get to 2012.

Getting advice from a highly reputable gold investment company or commodity trading advisor before buying or selling is advisable in the unpredictable ebb and flow of this precious commodity.

Did you like this? Share it:

Sorry, comments are closed for this post.