Gold prices grow at the glow of European recession
Monday, May 17th, 2010Gold price increased at trading on Monday amid fears that the debt crisis in Europe will undermine economic growth in the region and further weaken the euro. In the course of trading on the New York Mercantile Exchange, the June gold futures rose by 0,7% – to 1 236.4 dollars per troy ounce. Since the beginning of this year, the value of gold increased by 13% to the auction last Friday a record 249.40 dollars an ounce.