Investors who consulted with gold and silver dealers in the past week may have been able to take advantage of a lull in the upward pricing trend that precious metals have seen in recent months.
A report by MarketWatch this week noted that in Tuesday's trading, gold futures were up by a 2.5 percent margin, due in part to newfound weakness in the dollar that had made precious metals a more attractive option for many investors.
The report added that gold had risen $27,30 per ounce to $1,117.10, and that the price had hit $1,121 at one point.
The dollar may be experiencing some retreat in light of a resurgence of the euro, based on investors being more assured that the European Union will take steps to bail out the Greek economy, which has been teetering on the brink of a debt default in recent weeks.
Financial observers have also noted that gold and silver prices are not as dependent on a weak dollar as they once were, based in part on the expectation that increased industrial activity in developing nations will continue to sustain demand for precious metals.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
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