Al-Sisi, Cypriot president discuss Gaza ceasefire deal, bilateral cooperation    Egypt, EU discuss CBAM impact, green transition cooperation    Egypt's Health Minister showcases Women's Health Initiative at Berlin Innovation Forum    North Korea displays new 'Hwasong-20' ICBM at major military parade    Trump declares 100% tariffs on China, sending global markets tumbling    Egypt's balance of payments shows positive trends in FY 2024/25: CBE    Egypt's net international reserves rise $2.8bn to record $49.5bn in September 2025    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Nobel: The Prize That Honours Conscience, Not Power — and María Corina Machado, Who Changed the Equation    Egypt reconstitutes board of State Information Service    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's Sisi: Gaza ceasefire embodies 'triumph of the will for peace over the logic of war'    URGENT: Egypt's annual core inflation hits 11.3% in Sept – CBE    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Sisi invites Trump to Egypt to sign Gaza peace deal if talks succeed    Egypt's oil sector posts $598.3m net FDI inflow in FY2024/25 – CBE    Egyptian Open Amateur Golf Championship 2025 to see record participation    Egypt to meet IMF next week to set date for fifth, sixth reviews – PM    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Al-Sisi reviews education reforms, orders new teacher bonus starting November    Egypt's Cabinet approves decree featuring Queen Margaret, Edinburgh Napier campuses    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    URGENT: Egypt's Khaled El-Anany unanimously elected UNESCO director-general    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's Al-Sisi commemorates October War, discusses national security with top brass    Egypt screens 22.9m women in national breast cancer initiative since July 2019    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Gold Prices drift lower with Greece Eyed
Published in Amwal Al Ghad on 23 - 02 - 2015

Gold prices on Monday showed no signs of bouncing back after last week's near-2% decline as a flood of economic data and the winding down of earnings season could inject some volatility in metals trading in the coming days.
The euro zone on Friday OK'd Greece's bailout extension, soothing jitters and weighing on prices of the perceived safe haven. Next up, Athens must present a list of reforms to be approved by creditors. Read: Greece's debt deal isn't the end of euro zone drama.
At last check, gold for April delivery GCJ5, -1.02% gave up $1.90 to drift down to $1,203.90 an ounce. March silver SIH5, -1.12% eased 1 cent to $16.31 an ounce.
A day earlier, gold lost its footing to finish lower on word that euro-zone financial ministers made progress toward a bailout extension for Greece.
Existing home sales numbers will be closely eyed on Monday, while traders have Janet Yellen to look forward to midweek. New home sales numbers hit Wednesday. Read: U.S. economy's growth not touching all the bases.
In other metals trading, March copper HGH5, -0.19% jumped 2 cents to $2.61 a pound. April platinum PLJ5, -0.97% lost $2 to $1,168.10 an ounce, and March palladium PAH5, -0.21% added $5.35, or 0.7%, to $784.55 an ounce.
Source: MarketWatch


Clic here to read the story from its source.