Gold climbed above $1,220/ounce due to news that Germany refused the request from Greece to extend their loan. Demand for safe-haven assets picked up just as the Germen chancellor, Merkel, spoke with Trispas to find an agreement. In the end, Germany agreed to continue negotiations on Friday.
The price is back below $1,210/ounce. The movement is sideways. Support is found at 1,198 and resistance at 1,225.
February 20, 2015 – Commodities News
Gold
Gold climbed above $1,220/ounce due to news that Germany refused the request from Greece to extend their loan. Demand for safe-haven assets picked up just as the Germen chancellor, Merkel, spoke with Trispas to find an agreement. In the end, Germany agreed to continue negotiations on Friday.
The price is back below $1,210/ounce. The movement is sideways. Support is found at 1,198 and resistance at 1,225.
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