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It’s A New Record for Gold Prices

Gold coin prices powered through a new record high price last week.

PRLog - Aug. 3, 2011 - Gold coin prices powered through a new record high price last week. The price of gold closed at $1631.20 per ounce after hitting an intraday high of $1,637.50 per ounce.

The lingering concern over the national debt ceiling as well as soft economic numbers helped support the price of gold coins last week.

The United States announced last week that the national gross domestic product only increased 1.3% in the second quarter of the year, compared to analyst expectations of 1.8%. Meanwhile, the numbers for the first quarter of 2011 were revised downward to less than ½ of a percent.

The continuing debate over the national debt ceiling also pushed down the dollar and supported the price of gold coin prices. Congress faces an August 2 deadline to raise the debt ceiling or face downgrades on the nation’s sovereign debt.

We can help you protect your life savings against the threat of economic concerns and devaluation due to the debt ceiling issue. For more information about investing in gold coins, please check out our website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Location:United States
Industry:Jewelry, Lifestyle, Government
Tags:gold, price of gold, invest in gold, buy gold, gold coin, debt ceiling, gold record high, economy, gold coin price, mint
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