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Gold Closes Over $1800 During Today's Stock Market Crash

Gold coin prices are skyrocketing to new record closing prices yet again.

 
PRLog - Aug. 18, 2011 - Gold coin prices are skyrocketing to new record closing prices yet again. The gold price per ounce hit over $1800 today as gold investors were buying gold to protect themselves against inflation and economic problems.

Wholesale prices jumped more than forecast in July spooking investors and causing a rush to buy gold coins. Producer prices were double analyst expectations and the core index jumped the largest amount since January. The inflation fear caused a selloff in the dollar and pushed the price of gold coins higher in heavy trading.

Gold coin prices are up more than 25 percent this year after hitting a interday record price of $1817.60 just last week.

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Source:Global Gold Group
Location:United States
Industry:Jewelry, Banking, Government
Tags:gold, invest in gold, buy gold coins, gold coins, gold ira, price of gold, record high, stock market, crash, inflation
Shortcut:prlog.org/11629397
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