Market Overview

Gold Price Projected to Increase 5% In November, Reports Gold Price


Gold is projected to increase another 5% in November, as historically the month is one of the most profitable for gold, holding a 5 and 10 year track record of at least 5% gains, reports Gold Price.

New York, NY (PRWEB) November 02, 2012

Attention profit-seekers. The gold price is projected to increase another 5% in November as the month has held a powerful track record of at least 5% gains in the last 5 and 10 years. Several factors will influence this higher gold price in 2012, but the most important are the Presidential Elections, negative unemployment reports and fears of reaching the fiscal cliff. As history has proven time and time again, investors will continue to purchase gold in order to protect their wealth while profiting from short-term price increases.

Arthur McGuire, Vice President of Gold Price says “November by itself is a powerful month for gold prices, so adding the elections, higher unemployment and fears of reaching the fiscal cliff only helps the safe-haven metal even more. Gold has increased in value over 10% in the past year, and a 5% gain in November will lead to yet another successful year for gold prices. Keep in mind that the metal has increased over 600% since 2001.”

McGuire adds “All eyes should be on the 2012 Presidential Elections. Many wise investors know that gold performs very well after elections. For example, let's take a look at gold after the 2008 Elections. The proof is in the data:”

November 2008 = $750 per ounce
November 2009 = 1,220 per ounce
November 2010 = $1,400 per ounce
November 2011 = $1,800 per ounce

Gold Price (GP) is a leading precious metals website since 1992. They offer investors a free award-winning gold starter's kit by visiting or calling 1-800-767-1423.

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