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29.05.2012 15:39

Gold shows a moderately positive trend


Gold is rising against the backdrop of a moderately strong statistics on inflation in Germany in May and hopes to reduce the tensions in Greece.

German CPI rose is not as strong as expected in May (+1.9% y / y vs. 2.0% y / y and2.1% y / y in the previous period). A month rate fell by 0.2%. Category of food and clothing, and recreation and energy are the main drivers of such dynamics.

Positive impact on the markets have reported that the four Greek banks received a total of 18 billion euros in the second program of assistance to Greece EU and the IMF. Hellenic Foundation for financial stability (HFSF), which is responsible for the distribution of financial aid, transferred funds National Bank, Alpha, Eurobank and Piraeus Bank.

The cost of the June gold futures on the COMEX today rose to a high of $ 1583.5 per ounce.


 

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