Gold gravity

The mess of gold price leaded by Japan

Gold prices fell on Wednesday to below 1590 USD/troy an ounce on fears about the feasibility of an aid package for the Spanish banks and the upcoming elections in Greece, which has undermined confidence in the future of the euro, as well as dispel hopes about further monetary easing by the United States.

Were characterized by weak commodity prices as well, and came down to the lowest level of oil this year, and declining copper and aluminum. And the price dropped immediately went to the 0.4% to 1598.06 USD/Trot an ounce.

And I got gold for August delivery U.S. $ 6.30 an ounce to 1590.50 dollars.

The price of gold for $ 1600 last week, with the dashed expectations of a new round of quantitative easing in the United States. The speculation came as a result jobs data, which came very weak.