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Gold Built a Base Last Week

The price of gold coins was range bound last week as buyers and sellers consolidated their trades at a base level.

 
PRLog - Jun. 6, 2011 - The price of gold coins was range bound last week as buyers and sellers consolidated their trades at a base level. Without much news on the European debt front, investors buying gold sat on the sidelines pending more news.  The price of gold rose 0.3 percent last week.

According to gold industry experts, investors were actually in the market last week buying gold coins to keep the price steady. With Friday’s unemployment report a complete disappointment, next week the price of gold coins could push higher as worried buyers take the edge. The government may have to turn to another round of economic stimulus due to the weak employment numbers and fear that the economy way turn into a double dip recession.

Global Gold Group can help get you ready for the next bull market run in the price of gold coins. We have a wide selection of gold bullion coins and pre-1933 gold coins available to help diversify your portfolio. For more information, please check out our website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Country:United States
Industry:Jewelry, Finance, Lifestyle
Tags:gold, bullion, gold coin, invest in gold, buy gold, price of gold, debt, economy, recession, economic stimulus, silver
Shortcut:prlog.org/11528585
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