Gold has once again hit a new record high in early trading today as there were many investors who trade gold in times of economic trouble. It has historically been seen as a secure investment due to it’s static nature, we know how much gold there is and it’s not actually possible to change.
Gold trading was up off the back of poor performance on all the important indices as buyers get increasingly fearful regarding the state of the international economy. Information of the US debt agreement and Greek bailouts have had quite small positive results on the trading markets and as Italy appearing as if it’s going the same way, trader courage is set to go even lower. Doing so might result in even greater gold charges with cash to be generated for individuals who have any precious metal.
Gold charges were also pushed up as financiers get increasing worried with the financial recovery may have been less impressive than these people have been led to believe. Using US customer spending lower and it being noted that incomes had pretty much remained similar as the earlier year, a lot of investors believe that the economic recovery is stalling and are nervous regarding making any large investments. They do not sense there to be anywhere close to as significantly money to be forced as these folks had beforehand thought. Leading them to invest in gold and various treasured metals.
These difficulties coupled with the increasingly worrying financial debt troubles both in The United States and the EU do not make for happy reading for investors. With many choosing to not invest or invest in dependable precious metals and commodities which do not generally have significantly motion. With yellow metal on an nearly daily new high there is even now some gains to be produced if it is possible to choose the correct direction of motion on the spread betting trading markets.