Greek crisis can not help gold: it is again below $ 1,200

On Thursday the price
Gold did not show great changes,
remained around two-week lows.
By 16.48 MSK July futures worth 1 183.50
dollars per troy ounce. on the world
market optimism fades potential
deal between Greece and its creditors,
and theoretically it could have
support gold prices, however,
analysts do not expect any serious
changes. Commerzbank expert
Daniel Brizemann, said in an interview
Reuters news agency that the gold,
It is likely to remain at the level of
$ 1,200 per troy ounce
as long as the uncertainty remains
on the Greek question and on interest
rates of the US Federal Reserve.

investors are waiting for
News from the meeting of ministers and heads of
G7 regulators in Germany:
Now on the sidelines of the forum discuss
Greek question. The deterioration of the debt
the crisis has the potential to cause
demand for gold coins and bars.
ECB Vice President Vitor Constancio,
He stressed the seriousness of the situation in
during which Greece speaks openly
about the possibility of default. If he still
It happens - it will be the first such
event in the 16-year history of the euro zone.
Gold, as a rule, serves as
hedge policy
and financial risks - but you need to understand,
that the influence of political issues on
Gold prices tend to be saved
not for long.

In the short
the trajectory of gold of great importance
is the US currency: the dollar is circling
today around the maximum of the last
month, and the stronger dollar, the weaker
gold.

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