Gold Coins Top $1550 Per Ounce

May 3, 2011 - PRLog -- Gold coins were up 1.6 percent in April to close at another record high above $1550 per ounce. It was the precious metals largest price gain and dollar gain since November 2009.

The dollar was soft on Friday in response to signs that economic growth is strong in countries outside of the United States. The Euro Zone economy posted a 30 month high inflation rate in April of 2.8 percent attracting investors to the strength of the European economy. It also created fear that inflation fears would increase around the world and in the United States.

Experts believe that the continuing record high price in gold coins is a true bet against the United States dollar. As the Federal Reserve continues to weaken the dollar, the record price of gold coins is expected to increase.

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