Having declined to the minimum of 2012, gold is in correction.


In the result of the last week trading gold ascended by 0.5% to 1,597.5 US dollars per troy ounce. However, on Monday, the price started to fluctuate.


On the one hand, there are persisting problems in the world economy, which urges the investors to get more reliable assets than gold, which is very volatile of late.


On the other hand, a growing physical demand on this metal contributes to the positive dynamics on gold market.


Still there are elections in the Greek parliament which exert support in the conditions of uncertainty as to the destiny of the euro and victory in fighting the debt crisis spreading.


The G8 summit in Camp David calmed down investors slightly. The leaders of the greatest countries marked the situation improvements in the world economy and agreed upon a new way of Europe to support the economic advance.