Soft Consumer Spending Adds Support for Stronger Gold Prices

Oct. 5, 2010 - PRLog -- Analysts expect gold coin prices to continue their rally this week as softness in the United States economy continues to show.

Last week, economic reports disclosed that both consumer and construction spending softened in the most recent quarter, fueling the thoughts that a new round of economic stimulus might be necessary from the Federal Reserve. Two policymakers with the Federal Reserve confirmed that further economic action would be necessary unless the economic conditions significantly improve.

With the recent softness in the dollar – falling on Friday to a fresh eight-month low against a basket of currencies last week – gold coin investors have many reasons to consider buying gold to add to their portfolio.

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