Monday, 26 January 2015

Gold prices flat in Asia as euro concerns wane, eyes on U.S.

Gold prices traded mosstly flat on Tuesday in early Asia as immediate concerns about Greece's exit from the euro zone waned and investors looked ahead to the Federal Reserve and U.S. data this week.

On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.01% to trade at $1,281.90 a troy ounce.

Also on the Comex, silver futures for March delivery rose 0.12% to trade at $17.930 a troy ounce.

Elsewhere in metals trading, copper for March fell 0.07% to trade at $2.541 a pound.

Overnight, gold fell more than 1% on Monday, as appetite for safe-haven assets weakened after jitters over the Greek election diminished.

Greek leftist party Syriza formed a coalition government with the right-wing Independent Greeks party on Monday. Syriza won 149 seats in Greece’s 300-seat parliament, while the Independent Greeks took 13 seats, giving them a comfortable governing majority.
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