Gold slightly decreased as concerns about a “Grexit” faded off. However, as no agreement has been signed we could an increase in risk appetite. During the Asian session, the price rose towards $1,240/ounce.
Today, the main event will be the EU meeting. In addition, investors should watch the stock market which climbed yesterday. The trend is sideways. Support is found at 1,225 and resistance at 1,255.
February 11, 2015 – Commodities News
Gold
Gold slightly decreased as concerns about a “Grexit” faded off. However, as no agreement has been signed we could an increase in risk appetite. During the Asian session, the price rose towards $1,240/ounce.
Today, the main event will be the EU meeting. In addition, investors should watch the stock market which climbed yesterday. The trend is sideways. Support is found at 1,225 and resistance at 1,255.
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