The final trading day of 2011 was bucking the week's trend as gold began a strong recovery.
(1888PressRelease) December 31, 2011 - MIAMI, FL - Concern over Italy may have been largely responsible for the drop in the price of gold bullion earlier this week. The euro and S&P 500 index rebounded likewise. Bargain hunters were out in force as the price of gold dropped below $1550 Thursday, and their actions sent gold zooming back up the roller coaster again to end the year on a higher note. Silver also rebounded, gaining 83 cents while the US dollar finished lower.
When trading reopens in January, it will be interesting to see what happens to the gold market. A strong majority of market experts surveyed today predicted higher prices for gold during the first week of January, anticipating a continuance of the current rebound. Debt crises both in Europe and the US still offer fundamental support for gold during 2012 and lower prices, combined with the approaching Lunar New Year, should stimulate physical demand from Asia.
"It is encouraging to see the strong rebound from gold on this final trading day," says Bill Hionas of Pan American Metals of Miami. "The recovery looks set to continue in January and we should see gold recover the losses from earlier this week."
Investors interested in taking a position in precious metals bullion should contact the team at Pan American Metals of Miami for advice on the current state of the market.
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
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Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
The final trading day of 2011 was bucking the week's trend as gold began a strong recovery. 
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