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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

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