The Gold Market Price has shot up yet again this month now breaking the $1850 per Ounce barrier. Thats equal to nearly a one percent gain just today alone already! Gold analyists are blaming recently released information showing that the United States is far from out of its economic rut with low manufacturer results and more gloom on the housing market. The state of Europes economy also helps boost Gold as investors flee to the yellow metal with further fears regarding Banking in Europe developing.

Gold is yet again appearing as the most stable Safe Haven Asset on the market as investors flock to purchase Gold. This August 2011 so far has been the best performing month for Gold since back in 1999. With the market up almost fifteen percent over the last month short term investors could already have made solid gains in this asset class. The market topped out earlier at around $1856 per Troy Ounce and retreated back to just over $1850. Some believe that $1850 was the next barrier for the Gold Bull Market and this indicates that the price is still holding onto a strong upside trend.

In other metals Silver has risen approximatley five percent over the last week and is back over the $41 per Ounce mark. Platinum has crept back up to around $1859 per Ounce and is managing to stay just a slither ahead of Gold for now. The Platinum to Gold ratio has changed with Gold recent record August 2011 highs to almost one for one, changing the ratio that normally favours Platinum.

Metals Science
financial markets, gold, investment, platinum, silver