Gold Prices 2011
The direction that Gold Prices 2011 are heading still point up. Every time the so called experts predict the worlds’ economy is mending, there seems to be another disaster that negatively influences the markets. As we all know, when the markets are unsettled, the price of gold rises.
The Gold Prices Today at the close of March 31, 2011 in New York was at $1431.88. This price has been fairly stable for the past month with the fluctuation only being about $40 in that time period. This is dramatically different than what the 30 days preceding it showed. This was nearly a $100 increase in the price of gold. This all follows a year that saw the gold process rise nearly $300.
The reason for this stalling in the price of gold could be due to speculation that the FED is finally going to do their job and help the economy with their monetary policy. Once again the FED is pointing to the US economy as recovering with the data that is expected to come in shortly and they will react by tightening their monetary policy and reduce their buyback program.
Unfortunately we have been listening to this same rhetoric for over 2 years now. The private sector is doing what it can to help the economy, but the federal government has done nothing but sink the country deeper in debt.
The Financial Forecast Center has made the prediction that gold prices will continue to rise until July of this year when it is expected to start falling. This prediction hinges on the economy and the monetary policy of the US Government.
This policy is driven by what is good for big business like no taxes for large corporations like GE. This is one American that does not expect the markets to stabilize and gold prices to drop any time soon. It’s not in the interest of big business. This is how the Obama administration works and gold prices 2011 will continue their upward trend until we get a new president that represents the people once again.
Tags: 2011, economy, gold prices, investing, money
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