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A Global Currency Blog

Wednesday, January 11, 2012

Gold Scores Largest Weekly Gain in Five Weeks

The price of gold rebounded strongly last week. The price of gold coins was up 3 percent last week, its strongest move since December 2011. In fact, gold rebounded from the decline that closed the end of last year.

Gold trading volume increased towards the end of last week, rising 10 percent over its 30 day moving average. Many analysts were encouraged by the surge in volume, indicating that it could mean increased interest in investing in gold bullion after the holiday slump.

Investing in gold is about to hit another seasonal bullish trend period around the Asian new year time. People buy gold during this traditional season, pushing the demand for the precious metal higher. This could be a strong bullish sign for the price of gold.

We can help you take advantage of this seasonally strong time for gold coins by diversifying your portfolio with collectable pre-1933 gold coins. Check out our website at www.aglobalcurrency.com for our free Investment Gold Guide today!

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