On Wednesday, Gold slightly decreased and touched $1,220/ounce. Recent talks between the Greece Finance Minister, Yanis Varoufakis, and euro-zone finance ministers calmed the market. However, no deal was made and this could cause the metal to climb again. On Wednesday, peace talks also started over the conflict in Ukraine.
Today, the major driver of the price will be news from Greece or Ukraine. The trend is sideways. Support is found at 1,220 and resistance at 1,255.
February 12, 2015 – Commodities News
Gold
On Wednesday, Gold slightly decreased and touched $1,220/ounce. Recent talks between the Greece Finance Minister, Yanis Varoufakis, and euro-zone finance ministers calmed the market. However, no deal was made and this could cause the metal to climb again. On Wednesday, peace talks also started over the conflict in Ukraine.
Today, the major driver of the price will be news from Greece or Ukraine. The trend is sideways. Support is found at 1,220 and resistance at 1,255.
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