Gold Price Buoyed By Latest Consumer Confidence Data, Reports Gold Price

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The gold price is expected to rise in response to Consumer Confidence data released Tuesday by the Conference Board, which indicates a continued trend of faltering confidence in the struggling U.S. economy, reports American gold dealer, Gold Price.

Gold Price

Gold Price

The Consumer Confidence data is revealing because it highlights the primary forces for gold’s astronomical rise in the last 12 years, mostly, an economy on the wane

The Conference Board’s Consumer Confidence Index (CCI), released Tuesday, fell for the third straight month to 58.6, prompting analysts at Gold Price to foresee a boost in gold prices in February. Gold is currently on a 12 year bull run, increasing over 500% since the turn of the century, due to investors and central banks paying increased attention to gold bars and coins for profit and wealth protection amidst a floundering global economy. The CCI is a gauge of the health of the U.S. economy as it’s interpreted by the consumer. Gold Price has listed the monthly CCI data from the past year to give investors an idea of how the average U.S. consumer views the economy.

January 2012: 61.5
February 2012: 71.6
March 2012: 69.5
April 2012: 68.7
May 2012: 64.4
June 2012: 62.7
July 2012: 65.4
August 2012: 61.3
September 2012: 68.4
October 2012: 73.1
November 2012: 71.5
December 2012: 66.7
January 2013: 58.6

Arthur McGuire, Vice President of Gold Price says “Gold has historically experienced gains in response to economic uncertainty, and there is no reason to expect anything different during the economy’s current situation. The Consumer Confidence data is revealing because it highlights the primary forces for gold’s astronomical rise in the last 12 years, mostly, an economy on the wane. Our experts here at Gold Price predict that we will see the trend of rising gold prices continue as investor optimism towards stocks, bonds and real estate dwindles and they look for something solid to protect them for years to come.”

Gold Price (GoldPrice.net) is a leading precious metals advisor with headquarters in New York, California, Texas, Utah, New Mexico and Puerto Rico. A direct gold and silver dealer as well, Gold Price specializes in purchasing, selling and trading physical gold and silver such as modern bullion bars and coins and certified rare coins. Investors can visit http://www.goldprice.net or call 1-800-767-1423 to receive a free award-winning gold starter’s kit.

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Arthur McGuire
Gold Price
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