Concerns over Iran and demand from bargain hunters keep gold prices steady.
(1888PressRelease) January 05, 2012 - MIAMI, FL - Gold is continuing to hold firm over $1600 despite a stronger dollar and weaker euro. While the strong dollar is currently keeping a cap on gold prices it has certainly not pushed the price down. There have been dips in early trading but the price of gold has remained around $1615 - $1618 since trading reopened after the New Year.
Certainly, concerns over Iran are supportive of gold bullion as a safe haven and physical demand also looks to be on the increase. If US sanctions on Iran result in increased oil prices then we should see precious metals increasing in tandem with crude oil. There has also been some speculative buying of gold by bargain hunters.
"Gold has rallied firmly and appears to be able to sustain that rally, even in the face of a stronger dollar and ongoing concerns in Europe," says Bill Hionas of Pan American Metals of Miami. "Gold is continuing to move inversely to the dollar but macroeconomic factors are supportive of the current rally."
Pan American Metals of Miami showed gains for gold, silver and platinum today with gold up $4 at $1617.10. Unlike many other dealers, Pan American Metals of Miami allows investors to take either side of the market. Clients wishing to short sell gold may do so provided another customer can be found who owns the metal and is willing to lend it. PAMOM trades in gold, silver, platinum and palladium and offers clients both fully funded and leveraged positions with the option to take physical delivery of their bullion once full payment has been received.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Concerns over Iran and demand from bargain hunters keep gold prices steady. 
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