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24.06.2015 07:14 Gold is weighed by gains in equities and hopes for a Greek deal

 

Gold is currently at $1,176.80 ( 0.02%) an ounce. The non-interest-paying metal has declined for a fourth session in a row amid a stronger dollar and equity markets' optimism about Greek debt agreement.

 

Gold is losing its appeal as a safe-haven asset as Greek officials express confidence that a deal with Greece's international lenders will be reached soon.

 

Gold is also experiencing pressure from expectations that the Federal Reserve will raise rates this year. The dollar's strength is also a negative factor for bullion.

 

Physical demand in Asia remained weak.

 



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