Gold bars hit lows amid rising bonds in stock markets

Gold bullion prices fell to 2-month lows to $ 1,287 an ounce as global equity markets hit new all-time highs. Global stocks have seen 3.5 percent gains this month.

Gold bullion denominated in euros rose 1.8 percent as the single currency fell, staying in the region of last week's highs of € 976 an ounce. An analyst at a German bank believes that investors expect an announcement of further plans from the European Central Bank in the near future, and profitable rko tariffs must ensure effective financial management.

The European Central Bank will host bond policy meetings that have pushed eurozone bond yields in Austria, Ireland and Italy today to new lows in the modern era, as evidenced by the Italian and German consumer confidence indexes. The German Bund's profitability fell to new record lows at 1.0 percent per annum.

The US data, in contrast to the European data, continues to signal stronger growth in consumption of durable goods, which provides the best consumer confidence index, which recently reached a 7-year high.

David Govett, brokers Marex Spectron in London, believes that the multiple sources of the geopolitical crisis in the world, apparently, prevent the further advance of the gold price in the downturn. higher than London quotes with a solid trading volume.