Gold recovers from its lowest level in 3 weeks ahead of talks Saturday on Greece’s debt

Gold recovers from its lowest level in 3 weeks ahead of talks Saturday on Greece’s debt

The price of gold has not changed in late trade on Friday after the hue to its lowest level in three weeks and that by buying to cover short positions operations at the end of the week amid an atmosphere of caution ahead of a last-minute talks on Greece at the weekend with affected prices feelings of anxiety about the prospects for the precious metal on the the long-term.

The Greece failed again on Thursday to reach an agreement with international creditors is due to make a final attempt on Saturday to avoid default next week.

And went down in the spot price of gold transactions 0.1 percent to $ 1171.55 an ounce (an ounce). The price of the metal fell earlier to its lowest level since the fifth of June, recording a US $ 1168.25 an ounce.

It rose gold futures price for August delivery settled at $ 1.40 COMEX Stock Exchange to $ 1173.20.

The yellow metal, which is often considered a safe haven in times of financial and economic uncertainty has declined in the last five sessions amid hopes of reaching agreement on Greece’s debt.

The price of silver fell in online transactions 0.6 percent to $ 15.77 an ounce and platinum fell 0.5 percent to $ 1075.99 an ounce and palladium jumped 0.1 percent to $ 678.22 an ounce

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