Gold with a one-month high

Gold rose these days, reaching a new highest value for the past one month. The noble metal added 0.1% to its value to $1,267.70 per ounce. A little earlier, it reached the highest value of $1,270.47, not seen since May 1.
The appreciation of the metal is largely determined by the risks associated with the upcoming UK elections. The latter will take place on June 8th. Meanwhile, Teresa May's party's leadership, ahead of the opposition, fell to just 6%.
Experts are beginning to worry that May's decision to call early parliamentary elections to strengthen the ruling party's position may not be a good decision.
In addition, the uncertainty is also rising from potential early elections in Italy, as well as worries related to the Greek debt.
The situation for gold may continue to improve, given the many important data that are expected to come out this week. Symptoms of slowing the growth of the global economy, in a record-breaking environment for major stock market indices, may raise the price of precious metal seriously.