Will the oil prices rise?
The organization of the petroleum exporting countries (OPEC) and non-OPEC oil producers (Russia) will meet on July 1-2.
Gold sinks in Asia as NKorea and weekend of polls mulled
On Monday, gold tumbled moderately in Asia after a weekend in which Germany and New Zealand went to surveys to both produce results, which pointed to lengthy negotiations to form coalition government. Additionally, traders watched the USA and North Korea boosted a war of words.
December delivery gold futures went down 0.07% being worth $1,2962.60 a troy ounce in New York.
In Germany, the far-right AfD party managed to grasp a shockingly huge percentage of the overall vote. With the outcome of 13.5% they finished third and entered the German parliament for the first time. Chancellor Angela Merkel's CDU along with Bavarian allies, the Christian Social Union (CSU), took 32.5%, thus becoming the largest parliamentary group.
Meanwhile, in New Zealand, Bill English's National Party as well as the Labour party will fight for the support of kingmaker Winston Peters, not to mention his New Zealand First Party.
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The rally for the yellow metal
The dovish Fed pushed the price for the yellow metal up.
Gold reaches new high
The price for the yellow metal has crossed the level at $1,341.
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