The price of gold fluctuates on Monday after a significant growth in the last week due to the optimism caused by the promise of the European Central Bank president Mario Draghi to do everything possible to save the eurozone.

This week's ECB meeting will be held and the U.S. Federal Reserve, on which are waiting for new stimulus measures. The culmination will be August 1, 2012, when the FOMC of U.S. Federal Reserve on the basis of a two-day meeting will announce its decision on the level of the base interest rate.

The cost of the August gold futures on the COMEX is trading today in the range of 1613.1 - 1625.8 dollars per ounce.