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Cash for Gold Mailing Service Opens Local Office in Buford - Near Mall of Georgia
GDO Report
Contact Us 24/7 to get the market's best pricing - currently by appointment only - until we catch up to enormous market demand. Gold Prices Hover Above $900/Oz A Bit Longer While Senate Tries To Pass Spending Bill... ATLANTA - Those Who Considered Selling Their Gold Warned To Reap High Prices While They Last. Gold prices have already fallen well below the record high (in recent times) of $930 per ounce. The price is expected to continue to fall sharply over the next week to well below $800 per ounce. Where do you go to get the highest price possible for your old jewelry? Typically, local gold brokers typically pay market prices. Pawn shops usually give the second worst pricing, second only to sending one's valuable gold through the mail. More on the gold market... Gold holdings in exchange-traded funds, including the SPDR Gold Trust and Zuercher Kantonalbank’s ETF, have risen to records as the deepening global recession increased demand for a haven. “Moderate profit taking and investor caution following the increase in the price to above $900 an ounce may have tempered the gold price,” David Moore, chief commodity strategist at Commonwealth Bank of Australia, said in an e-mail. “We expect the price to fluctuate in a broad band around current levels over much of 2009.” Bullion for immediate delivery fell as much as 0.7 percent to $893.18 an ounce, and traded at $894.23 at 2:31 p.m. in Singapore. The metal climbed to $903.55 earlier. Gold for February delivery was down 0.6 percent at $893.90 in after-hours electronic trading on the Comex division of the New York Mercantile Exchange, while gold on the Tokyo Commodity Exchange fell 1.6 percent to 2,567 yen a gram ($896 an ounce). “Increased investor interest, driven by the forecast depreciation of the U.S. dollar, low international interest rates and investor diversification in the face of a severe international economic slowdown are likely to be supportive for the gold price,” said Moore. The dollar approached a one-week low versus the euro before the Federal Reserve ends a two-day meeting today, at which policy makers may announce plans to buy more assets to boost credit markets. The central bank will maintain the target lending rate in a range of zero to 0.25 percent, according to the median forecast of 45 economists surveyed by Bloomberg. Among other precious metals for immediate delivery, silver was little changed at $12.06 an ounce, platinum slid 0.9 percent to $941.25 an ounce, and palladium gained 1.3 percent to $193.50 an ounce as of 2:35 p.m. Singapore time.
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