Saturday 05, May 2012 by Gerhard Schubert
Gold rallies ahead of French, Greek elections
The latest US non-farm-payroll figures were released and 115,000 new Jobs have been created. The unemployment head line rate has been reduced to 8.1 per cent. These numbers have been interpreted as disappointing, as the median expectation was looking for the creation of approx. 160,000 jobs. Standard & Poor’s raised the rating for Greek bonds to CCC. The Greek population votes on Sunday, 6 May, in a general election, and the world looks nervously to Athens.
