Whats happening right now within the gold market is fascinating and unheard of! Gold has hit an unimaginable record of $1,134/ounce within the United States market, as markets opened Monday morning. This is a direct result of a weakening US dollar, and has led to widespread reactions from people around the world.
The massive rise in gold prices have been good news for some and bad news for others. For my family back in India, the enormous growth in gold is a major disadvantage, as our business revolves around 'the manufacturing of gold and diamond jewelry.' As prices keep increasing as world markets open, its getting harder for jewelers to buy gold, since people are reluctant to buy jewelry in this depleting economy!
This article also refers to an increase in the prices of Silver, Platinum, and Palladium, as a result in the surge of gold prices.
Market insiders predict a further rise in gold prices with no immediate signs of a decrease in the metals growth.
Its a great time to have gold and sell within the near future!
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