Gold Dips Below $1,300 for the First Time Since December
Gold prices took everyone by surprise this morning, dropping to over five-month lows below $1,300 per ounce. For the first four months of the year, the yellow metal had upward momentum as the dollar and global stock markets continued their downward trend. However, gold has been on a steady downward trend over the past month as the dollar has resumed its upward climb.
Investors shouldn’t get too comfortable at these lower gold prices, however, as the dollar’s upward climb is only expected to be a short-term rally. Analysts explain that in the long term, the primary influencer of gold prices will be the Federal Reserve—and in effect, rising inflation. Even in light of today’s recent dip, many experts still see gold reaching levels of at least $1,330 or $1,350 per ounce in the second half of 2018 as inflation drives the metal higher.
Nevertheless, the yellow metal is expected to trend downward for the time being. In addition to a stronger dollar, 10-year Treasury yields rose above the critical 3.0% level, and government debt rates followed suit of European rates for an upward rally, as well. This has sent gold on a steady decline all morning. The metal is expected to continue on this track as pre-placed sell stop orders in the futures market surge and send prices further below $1,300 per ounce.
Regardless of why prices are down, gold below $1,300 per ounce presents an excellent opportunity for investors. With gold at its lowest levels since late December, investors absolutely must consider gold at these prices. For several months now, experts have been predicting a rise in gold prices for the second half of the year, and with gold down over 1.5% this morning alone, the metal is now at a remarkable discount.
For investors looking to invest in gold at these levels, for today only, we have 1-ounce gold American Eagles available at just Spot + 2.99% per ounce* for any quantity ordered! Before you miss your opportunity to invest in gold at such an incredible discount, please call us at 800-831-0007 or email us to secure your 1-ounce gold Eagles.
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Free shipping, handling, and insurance are available on purchases of ten (10) 1-ounce gold American Eagles or more. Coins you receive will be our choice of year. Offer expires Tuesday, May 15, 2018, or while supplies last.