Gold Prices today ended above $1,235 an ounce as more bad news came in about the US Economy. These economic reports coming from several fronts, put pressure on the US dollar, thus increasing the price at which it costs to purchase an ounce of Gold.

The Us Unemployment numbers seem to be getting worse rather than better, as new filings for unemployment claims surpassed the 500,000 mark last week, which was 12,000 more than the revised numbers from the week prior. As long as economic uncertainly looms in both the US and International economies, investments will likely continue pouring into Gold.

“The latest economic data have disappointed, raising concerns once again about the solidity of the recovery,” stated, Anne-Laure Tremblay, who is an analyst at BNP Paribas. “This uncertainty in turn supports the gold price.”

With many of the economies on the planet suffering, and the debt crisis nearing epic proportions worldwide, gold seems to be one of the few safe bets at this time.