Analysts expect that Cyprus could sell gold

Gold price technical analysis 17 - June, 2013

Analysts expect that Cyprus could sell gold to over come its financial crisis yesterday, today we watched an announcement from Cyprus, the announcement said that Cyprus agreed to sell some from its gold, the gold cyprus wil expose to sell considered as 1% from its reserver, the issue which will lead to the decline of gold price in the Euro zone, followed by a global decline.

Cyprus is a small country with a fragiel economy selling part of its gold reserver could make Cyprus get out from the EURO area.