The problem with the Greek debt and the strong dollar put pressure on gold – the decline continues

Gold little changed in early session today as investors focused on grutskiya debt. Metal marked the fourth consecutive decline yesterday, as it is provoked by the still unmet agreements between European creditors and the Greek government and the strong dollar.

Spot gold traded at a level of $ 1,208.09 an ounce after yesterday fell 0.5% for the week precious metal fell by 1.7%

Germany rejects Greek proposal for a six-month extension of the contract for long, saying “this is not a significant decision, but Athens must adhere to treaties”

Futures for April rose by 0.11% and traded at a level of $ 1,208.90 an ounce.

Silver for March delivery added 0.40% to its value and currently trades at $ 16.57 an ounce

Varchev Finance

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance