The price of gold, which in recent behaves as risky assets continued to decline in early trading Thursday on fears of investors for the aggravation of the debt crisis in the euro area, as well as weak physical demand for the precious metal.

The unstable political situation in Greece, where, after the last election May 6 party leaders still can not form a government, enhances investors' concerns over worsening debt crisis in the whole euro area.

Aggravated the political situation in the country raises concerns for many investors over the fact that the country may withdraw from the euro zone.

In addition, market participants remained concerned about the demand for the precious metal in the physical market, which remains weak, despite the decrease in the value of precious metals.

The cost of the June gold futures on the COMEX fell today to $ 1585.0 an ounce, then rose to $ 1602.2 and is now trading at $ 1595.2 an ounce.