Sentiment mixed, Gold World flat ends

Singapore - the price of gold on the world trade shows the movement of stagnation, rising straight after graduating from the previous session. Gold stable because the president of the European Central Bank, Mario Draghi said that he would do anything for the eurozone of the fall. To send a signal that inflation and the cost of loans as Spain Italy will be processed.

Run A a Reuters, Wednesday (27/07/2012), type of Spot Gold closed at US $ 1.614, 16 per troy ounce, reached its highest level after three weeks later at the USD 1 617, 41. Gold jumped almost two per cent this week. Then the delivery of the United States (U.S.) COMEX August gold futures gold down 0.1% to USD mince.50 per ounce troy 1,554.

In addition, the United States unemployment claims fell last week, and approaching level low during the last four years. Investors now expect the gross domestic product (GDP) as in the second quarter, with the possibility of a major economy in the world, grew at the slowest of the year.
Barrick Gold Corp., producers of the world, reported a decline in quarterly profits amounted to 35 per cent and warned the cost of capital for one of the largest projects that develop will be much higher than expected.

On the other hand, a second quarter profit of Newmont Mining Corp. drops 30% more, gold and copper output or second largest in the world, producer has reduced its growth projections this year.