Gold, after a two week period of drawdown of the market on Monday, increased in value amid fears of slowing world economic recovery, according to the auction. The August futures for gold at 12.43 MSK on Monday went up by 0.3% to 1,211.6 dollars per troy ounce. As a result of last week, gold lost in the price of 3,5%, but before last week ended in a minus on 0,1%. Forecasts for the economy remains unclear - said to Bloomberg's senior trader, KEB Futures Co. Hwang Il Up (Hwang Il Doo). - Even against the background correction of the gold price did not fall below $ 1200 per ounce, which gives me reason to hope for further price increase .
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