Gold Prices Continue to Increase

Gold has added another $1.50 to the $1,385.80 an ounce on the Comex division of the New York Mercantile Exchange. With financial and economic pressure plaguing Europe, gold has become a safe metal for investors. President of T & K Futures and Options Inc. stated investors likely snapped up gold during the lower prices after two days of gains. The issue at hand is Portugal as it is being closely observed by investors who doubt the country’s ability to meet financing needs in the long term as there have been continual cycles of unsustainable debt, financial turbulence and sub-optimal growth.

http://www.marketwatch.com/story/gold-falls-after-portuguese-sale-cuts-haven-demand-2011-01-12