European financial crisis tempers gold price gain

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The price of gold is rising slightly. A rescue loan for Spain has done little to alleviate concerns about a long-term solution to Europe's financial crisis.

Gold for August delivery finished up $5.40 Monday at $1,596.80 an ounce.

European countries have agreed to lend Spain up to $125 billion to help its troubled banks. Traders worry that Europe's broader financial problems are affecting the global economy and hurting demand for commodities.

Analysts expect the prices of gold and other commodities to fluctuate ahead of an election Sunday in Greece that could determine whether it will remain in the group of countries that use the euro as currency.

In other trading, copper, silver and wheat prices are higher. Oil, natural gas, corn and soybeans are lower.