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02.11.2011 15:26

Gold rise

The price of gold is rising against the euro and the strengthening of the problems of the debt crisis impact on production in the region.

Greek Prime Minister George Papandreou secured the support of ministers on the issue submitted to referendum, the country assistance plan worth 130 billion euros, but he has to convince the leaders of the eurozone whether the referendum, did not expect such a decision.

Another bad news was the results of Business Research, speaking on the reduction of manufacturing activity in the euro area in October. Nevertheless, the euro rose slightly, taking a breather after the sale.

Investors are waiting for a press conference U.S. Federal Reserve chairman Ben Bernanke tonight on the results of a two-day meeting of the Central Bank and European Central Bank decision on interest rates on Thursday.

Stocks ETF backed by gold funds in October increased by 852,000 ounces to 67.907 million ounces, after declining by 444,000 ounces in September, indicating increased investor interest.

Gold futures for December delivery rose $ 32.90 to $ 1.745,60 per troy ounce in New York

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