Gold price per ounce is rising higher as investors look to diversify and find
security in the safe haven appeal of the yellow metal. Escalating violence in
the Middle East, specifically in regions such as Libya, is causing stock trend
lines to waver and is causing currencies to fluctuate. Precious metals are
gaining on their safe haven appeal in the current world market environment.
Precious metals gold and silver are starting off the new week by hitting record
highs according to market posts out of India. The Libyan turmoil has turned
trading sentiment towards the yellow metal bullish and investors continue to
shift funds from weaker stocks to bullion. Gold investors diversify and gold
bullion coins are part of the diversification plans. Approximate markup on gold
bullion coins runs about 3 percent and the most popular are the American Gold
Eagles, the South African Krugerrand and the Canadian Maple Leaf. These are
worldwide, the most popular and the most easily recognized. Diversification
often stems from the investor positioning to acquire all three, and the value is
primarily based on the gold content and purity. Current gold bullion market
tracking reveals that the 1 ounce Eagle is posting at $1,488.17. The 1 ounce
Maple is posting at $1,488.17. The 1 ounce Krugerrand is posting a bit lower at
$1,484.58. Author: Camillo Zucari
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