Gold News

Gold Prices rise due to Greek debt problems

The recent rise in Gold Prices has, in part, been attributed to the continued financial crisis in Greece.

A recent article in the Financial Times reveals that the Gold Price extension to beyond $1,100 an ounce has been driven by widespread concerns over the economic woes in Greece.

The newspaper reported: "Gold extended its [price] push … amid heightened concerns about sovereign debt problems, as European finance ministers urged the Greek government to take stronger measures to tackle its fiscal deficit."

It went on to suggest the effects of the problems in Greece was causing people to question the "integrity of the euro", further driving price rises.

The Gold Price rise in Europe is having a knock-on effect on yellow metal prices on the subcontinent, according to the Press Trust in India.

The Agency said: "Gold Prices shot up further at the bullion market here … on renewed demand from stockists and speculators triggered by a steep rise in European markets."

For the very best Gold Prices – live online – plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...
ADNFCR-1047-ID-19619541-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals