TeleTrade - Analytics


518.25 6.50/10
57% of positive reviews

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.


To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree