Learn Why Gold Coin Prices Rose To Break A Two Month Losing Streak Directly At GoldCoin.net

February 26, 2010 – As the market continued to move on yesterday’s gains, gold coin prices are rising and appear ready to stop their two-month decline. This is notable to many analysts because gold has not lost value for more than two consecutive months during its entire ten-year bull run. As of 11:30 AM EST, gold prices have raised $9.60 to reach $1,117.20 per ounce.

Gold is expected to close nearly 3% above January’s total, continuing gains that have come as the world economic outlook falters. "A high gold price is a sign of high worldwide inflation fears," notes economist Chris Dillow in today’s Investors Chronicle. Bradley George and Daniel Sacks at the Investec Global Gold fund wrote, "We believe the Fed's reaffirmation that rates are likely to remain low for an extended period should be supportive of gold prices in the long term."

The upcoming news about gold coin prices appears favorable as well. "From a daily close basis, it seems gold is unable to move below 1098," says London market analyst, Scotia Mocatta. "We see resistance at $1,111, and then at the Monday high of $1,131." Commenting on the wholesale gold bullion market, Walter de Wet at Standard Bank in London says, "Physical buying interest has slowed substantially only a few days after the Chinese New Year," suggesting increasing demand in the days and weeks ahead.

The rising gold coin prices seem to be gaining momentum, breaking gold’s two month losing streak and positioning the metal for new potential gains in March. Investors may be wise to consider additional purchases ahead of any substantial price increases. 

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Kevin Johnson

Senior Staff Writer - GoldCoin.net