Gold Coin Prices Set To Rise

Gold coin prices look set for another good week after ending last week with a strong performance. The overall economic outlook is expected to continue to provide a “safe haven” market for gold investors.

Although the closing price on Friday was marginally lower, the weekly performance was again good, with gold showing a gain for the fifth week in a row. The price dipped early on Friday as the unemployment news from the USA was not as bad as expected, however the market strengthened as the day progressed. This improvement was mainly due to the slowdown in the services sector.

With the dollar continuing to perform poorly on foreign exchange markets where is still weak against the euro, investors will be looking for alternative trading opportunities.

The price of gold futures for December fell by 0.2 per cent but they were still up 1.1 per cent on the week as a whole. With stocks showing some sign of recovery during last week the overall fall on the month was nonetheless 4.7 per cent while gold rose by 5.6 per cent over the same period.

Experts are predicting that as long as the US economic outlook remains uncertain the market for gold will remain strong overall and gold coin prices will continue to do well.

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