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The price of gold down on Tuesday after the uncertainty in the European economy has caused an increase in demand for more robust U.S. currency, reducing the appeal of precious metals for investors.
On the eve of the countries of the eurozone is already receiving financial help to support the economy, joined by Spain, has sent an official request to the Eurogroup, and Cyprus. According to the authorities of Cyprus, external financial support will help limit the risks to the financial system posed by the crisis in Greece.
Little effect on the metal market has statistics from the U.S., according to which the index of consumer confidence in the economy in June down to 62 points from the revised downwards in the figure for May 64.4 points. The reduction was greater than analysts had forecast.
The June gold futures on the COMEX today fell to 1567.7 dollars per ounce.
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