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Gold price falls to 3.5-month low

Thursday, July 2, 2015 9:28 AM UTC

Even the latest twists and turns of Greek Prime Minister Tsipras did not give rise to any serious fluctuations on the gold market yesterday.

Good US employment figures had a greater impact, on the other hand, as they resulted in an appreciating US dollar and rising US bond yields. This morning gold has dropped to a 3½-month low of $1,161 per troy ounce. It risks falling even further if US labour market data prove surprisingly positive this afternoon, says Commerzbank.

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Gold price falls to 3.5-month low

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