Weakening Trend in Gold Prices…..
Blessings Summit European Union (EU summit) for the gold did not last long. Price rally on Monday (2/7) stops, and the gold re-sloping. In addition to profit-taking, gold re-locked concerns over the global economic slowdown.
The gold contract for delivery in August 2012, at the New York Mercantile Exchange’s Comex division, Monday (2/7) at 17:15 GMT, worth U.S. $ 1,592.8 per Troi ounce, or 0.71% lower. At the end of last week, gold prices closed valued at U.S. $ 1,604.
The price of gold, over the weekend, torn up so the top brass of the European Union loosened the requirements for the disbursement of aid for Italy and Spain.