Gold Price Rebounds 2% Due To Higher Physical Demand, Rally May Spark, Reports Gold Price

After a 7% fall in the gold price last week, the precious metal has rebounded 2% as a result of higher physical gold demand from investors looking to take advantage of relatively low spot prices. American direct gold dealer, Gold Price, is projecting a rally in the market if prices break past $1,500 per ounce.

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Gold Price

Gold Price

Dallas, TX (PRWEB) April 23, 2013

The gold price has experienced quite the rollercoaster in the past weeks, falling over 7% last week as panic selling caused short-term investors to quickly liquidate their metals. This week, gold has rebounded, up 2% as strong physical buying is driving the market upward once again. American direct gold dealer, Gold Price, has projected that a rally may form if the precious metal breaks past its current target of $1,500 per ounce.

Arthur McGuire, Vice President of Gold Price, says, “Physical gold buying is dominating the market right now, and it’s clear that short-term investors are taking advantage of the current buying opportunity, and I don’t blame them. A little over a year ago, the gold price climbed to its record high price of $1,920 per ounce, and now it’s around $1,420 per ounce. This drop has sparked a short-term buying spree from physical investors in the United States, India and China. The next two weeks will be crucial, because if the gold price breaks past $1,500 per ounce, a larger rally may spark as investors lock down for another round of profit and wealth preservation. We advise that investors keep a close eye on the gold price, and always invest wisely.”

Gold Price (GoldPrice.net) is a precious metals dealer with offices and depositories in New York, Texas, California, Utah, Delaware and Puerto Rico. Gold Price specializes in physical gold and silver such as modern bullion bars/coins and certified rare coins. They offer investors a free award-winning gold starter’s kit by visiting http://www.GoldPrice.net or calling 1-800-767-1423.


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