The price of gold down on Monday as election results in France and Greece have caused investor concerns about the implementation of existing programs, budget savings, and caused the fall of the euro and dollar growth.

According to the results of the second round of presidential elections held in France on May 6, the new president was elected the candidate of the Socialist Party, Francois Hollande, who assumed the position of election mitigation measures of the budget savings in the country.

Parliamentary elections in Greece ended in victory for parties opposed to European programs to save the country, putting into question the ability of Athens to the agreed reforms to the EU.

The cost of the June gold futures on the COMEX fell today to $ 1632.2 an ounce and is currently trading at $ 1637.9 an ounce.