Tuesday, May 24, 2011

The high price of gold beginning of the week

The high price of gold beginning of the week

 

The rise in gold after the cut on Friday, Fitch credit rating of Greece to three degrees.

There are other reasons behind the demand for gold is the concerns about the austerity measures in Spain after the defeat of the ruling Socialist Party in local elections and expectations downgraded Italy's debt and the growing speculation about restructuring the debt of Greece.

The price of gold in the spot market to U.S. $ 1518.71 (ounce), the highest level since May 11

The price of gold denominated in euros hit a record high at 1076.42 euros an ounce.

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