Gold falls for the fourth day

Gold price technical analysis 30 - May, 2013

Gold prices slipped on Wednesday, extending losses for the fourth day with the euro was pressured by the continuing debt crisis of the euro area.

European shares fell in general with the weakness of the euro, whileinvestors are studying the impact of the current debt crisis on growth inthe region.

And went down the price of gold in the spot market 0.1 percent to1646.64 dollars per ounce at 0955 GMT, after losing 1.5 percent of its value in the past three days.

Platinum rose 0.1 percent during the day to 1578.45 dollars an ounce,while palladium rose, who scored the strongest performance of the precious metals this month and one percent to 658.20 dollars an ounce.