20 Feb 2015
Gold keeps the $1,200 handle
FXStreet (Edinburgh) - The ounce troy of the safe haven metal is cling to the positive ground at the end of the week, meandering just above the key $1,200.00/oz mark.
Gold attention to Greece
The yellow metal continues to trim the recent pullback to multi-month lows in sub-$1,200 levels, against the backdrop of increasing unease surrounding the Eurogroup-Greece meeting in Brussels. In line with the broader markets, Gold prices will hinge on the evolution of the debt talks this evening and almost surely over the weekend.
Gold key levels
At the moment the metal is advancing 0.17% at $1,209.60. A break above $1,222.90 (high Feb.19) would aim for $1,236.40 (high Feb.16). On the downside, the immediate support lies at $1,197.30 (low Feb.18) and then $1,167.30 (low Jan.2).
Gold attention to Greece
The yellow metal continues to trim the recent pullback to multi-month lows in sub-$1,200 levels, against the backdrop of increasing unease surrounding the Eurogroup-Greece meeting in Brussels. In line with the broader markets, Gold prices will hinge on the evolution of the debt talks this evening and almost surely over the weekend.
Gold key levels
At the moment the metal is advancing 0.17% at $1,209.60. A break above $1,222.90 (high Feb.19) would aim for $1,236.40 (high Feb.16). On the downside, the immediate support lies at $1,197.30 (low Feb.18) and then $1,167.30 (low Jan.2).