MIAMI, FL - The majority of analysts are still seeing gold's bullish trend continuing with prices heading towards $2000 in the near future. Some investors have become nervous about gold, given its recent volatility and failure to maintain a price above $1900. However, there are many economic factors still offering strong support.

The SNB's action has effectively removed one of gold's main rivals as a safe haven and raised concerns that interest rates globally may remain low. President Obama's $450 billion plan to create new jobs sounds as if it would be beneficial to US economic growth and therefore not particularly helpful to gold. However, this plan is far from a done deal as it will have stiff opposition from the Republican Party. Meanwhile, in Europe, Greece seems to be in imminent danger of defaulting on its debt. Consequently safe-haven demand is likely to remain strong for gold and other precious metals bullion.

"This has been a truly wild week for gold but the volatility should not be putting investors off," says Bill Hionas, CEO of Pan American Metals of Miami. "Macroeconomic factors are still strongly supportive of higher prices for gold."

Pan American Metals of Miami trades in precious metals bullion: gold, silver, platinum and palladium. Today, September 9, gold is still holding relatively firm above $1850. Clients interested in taking a position in gold bullion can contact PAMM's experienced team of brokers that offers advice tailored to the specific needs of each individual client. Located in Miami, PAMM is ideally situated for clients from North, South and Central America.

About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine 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

Source:
http://www.1888pressrelease.com/most-analysts-predict-gold-prices-to-continue-rising-says-pa-pr-333771.html