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The price of gold falls as investors transfer funds to the dollar as the most reliable asset,for fear of aggravating the situation in Europe, where output increased risks of Greece from the eurozone.
In Greece, after the parliamentary elections of May 6 has not yet formed a coalition government. The leaders of the Greek political parties said on Sunday that the contradictions between them do not allow a coalition, so that the country is likely to face new elections.
This situation calls into question the future of Greece agreements with international lenders on behalf of the EU and the IMF. Among market participants are increasingly sounding the assumption that Greece still leaves the treatment area the single European currency.
The cost of the June gold futures on the COMEX fell today to $ 1555.0 an ounce.
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