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- Gold is in narrow range
Gold is in narrow range
Gold prices traded with a slight change in the light of the fact that on Sunday, Athens could not agree with the "troika" of the creditors of all the measures and programs to reduce budget deficit, which is estimated at 11.5 billion euros.
The next meeting of the Prime Minister of Greece, Antonis Samaras with the "troika" of international lenders countries (European Commission, European Central Bank and International Monetary Fund) will be held on Monday.
In addition, investors are awaiting a decision of the Constitutional Court of Germany on the legality of a European stabilization fund, to be published on September 12. German court may block Germany's participation in the Stabilization Fund, from which depends heavily plan of redemption of bonds of the eurozone, released last week, the Central Bank of the currency bloc.
September futures price of gold on the COMEX is kept in the range of 1731.4 - 1733.5 per ounce.
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