Gold has stabilized

Market news

5 June 2012

Gold has stabilized

Gold is trading with minor changes on the background of discussions of finance ministers and central bankers of the G7 measures for the suppression of the debt crisis in the eurozone, which threatens the entire global economy.

Japanese Finance Minister Jun Azumi said that the G7 finance ministers in a conference call agreed to work together to solve problems in Spain and Greece. Investors also await tomorrow's decision by the European Central Bank Interest Rate.

Today, June gold futures on the COMEX is trading in a range 1612,9-1622,7 dollars/Oz.

European stocks closed in different ways: FTSE 100 Closed, CAC 40 2,986.1 +31.61 +1.07%, DAX 5,969.4 -8.83 -0.15%

U.S. stocks are traded without any definite trend: Dow 12,098 -3 -0.03%, Nasdaq 2,763 +3 +0.10%, S&P 500 1,280 +2 +0.16%

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