Being under pressure of negative reports from the European region, gold has cheapened below 1600 dollars.
With the American closed stock markets the gold managed to bounce back the lost positions, especially after the Greeks preferences became known.
According to the surveys on the forthcoming elections, the most popular party seems to be New Democracy, which supports the financial lending conditions of the international creditors and is ready for a tough retrenchment course.
Risk reduction relatively the Eurozone structure has contributed to the dollar rate easing. Investors preferred to invest in risky assets.
In such a way, gold appreciated by more than 1% to the mark of 1582 dollars and 50 cents per troy ounce. Analysts predict further growth of the precious metal, for which there are a lot fundamental factors in the market.
By the end of the current year gold is to approach the price rate of 1750 dollars per ounce. But in terms of inflationary expectations downtrend and the American currency consolidation, the growth potential of gold does not seem to realize.