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12.06.2013 15:20

Gold rises in price after the euro

Having played the gold incurred during the two previous sessions losses after better-than-expected data on industrial production in the euro area.

Industrial production in the euro zone rose in April for the third month in a row, suggesting a possible end of the recession in the region, which became the longest in the postwar period.

However, the increase in production was concentrated in the largest economies of the eurozone - Germany and France, while industrial production declined in the euro-zone countries whose economies most affected by the financial and banking crises, including in Italy, Spain, Greece and Portugal.

Bureau of Statistics of the European Union said on Wednesday that industrial production in the 17 countries of the euro zone by 0.4% compared with March, at the same time, production decreased by 0.6% compared with April 2012. Published data surpassed economists' expectations.

The cost of the August gold futures on COMEX today rose to 1394.0 dollars per ounce.

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