gold price

Monday Germany auction in June-month treasury bonds, the average yield fell to 0.007 percent, near-zero rate of return, to illustrate how the market and did not really alleviate the concerns about debt problems in Europe, while Fitch Bank on Monday, Spain's largest bank Santanderlong-term credit rating of the bank and the second largest bank BBVA down from A to BBB +, negative outlook. In addition to the bad news in financial markets, Spain easy access to assistance also led to dissatisfaction in Ireland, Portugal and Greece, previously forced to accept the terms of the strict rescue three national leaders or political party should enjoy the same treatment with Spain, Portugal the Prime Minister said on Monday that taking into account the terms of Spain's rescue, there is no reason to increase the relief conditions, the most important thing is that the new Democratic Party of Greece has always supported the austerity measures that take into account the assistance of Spain to Portugal, Greece also has space for further negotiations, so that even the new democratic Party to power, and perhaps will not give up the policy tightening, but at least it will be asked to relax some provisions of which in turn is a major political risk test. In addition Monday Cyprus also reported the message may need to apply for assistance.Technically the price of gold rebounded again to test the 1600 mark on Monday the United States period, but failed to break through that level again, after the Asian midday price of gold has tested that level. Day chart last Monday gold prices opened just blocked at the beginning of last week below the bottom of the range, the stochastic indicator has begun to fall, the days of gold may face the risk of falling again, not even rule out the next few days once again test the 1525 level possible, only uplink to break the 50-day moving average, can really ease the short-term downward pressure.COMEX gold futures prices rose Monday to $ 5.4 to close at $ 1,596.80 / oz, that Nymex crude oil futures prices closed down $ 1.5, or 1.8 percent, to close at $ 82.61 / barrel, the Wall Street terms of the Dow closed down 1.14 percent, to close at 12411.23 points. Nasdaq Composite Index fell 1.7 percent to close at 2809.73 points, the S & P 500 index closed down 1.26 percent to close at 1308.96