Analysts at Barclays remain bullish on the price of gold. The firm issued a report last week saying gold near $1725 per ounce could see renewed buying to push the price of the precious metal well over over $1840 per ounce in the medium term.
The Federal Reserve Policy Meeting this week and the following press conference by Federal Reserve Chairman Ben Bernanke has investors spooked and running to protect themselves with gold coins and silver coins.
Get ready for QE3. Many economic pundits believe that Federal Reserve Chief Ben Bernanke may be preparing for another round of economic stimulus to help revive the economy after a weak jobs report last week.
As the riots in Egypt turn deadly and the instability in the Middle East grows, investors all over the world are starting to rush to buy gold coins to protect themselves against the threat of economic turmoil.