Spain crisis and its impact on gold price

Raw Gold

Gold price rise to its highest value since May of the current year when gold arrived to $ 1795.65 value on the fourth of this month. The main reason for not continuing rise,  in which can not be ignored is the deterioration of the Spanish economy in the past few weeks resulting in a fall item down to the value 1728.20 USD/troy an ounce at the opening of European markets last day. Worth mentioning also that the uncertainty of demand Spain formally to bailout contributed strong decrease for gold price.

  • Julie

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