Gold prices held mostly flat in Asia on Wednesday with investors looking ahead to events in Europe on the euro and Greece.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.
Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank's policy meeting later this week to see if it would launch a government bond-buying program.
Also on the Comex, silver futures for March delivery rose 0.09% to trade at $17.978 a troy ounce.
The euro remained under pressure amid mounting expectations that the ECB will embark on an outright quantitative easing program on Thursday, in a bid to stave off the threat of deflation in the euro area.
Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls further boosted demand for safe haven assets.
Elsewhere in metals trading, copper for March delivery gained 0.05% to trade at $2.593 a pound.
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On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.
Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank's policy meeting later this week to see if it would launch a government bond-buying program.
Also on the Comex, silver futures for March delivery rose 0.09% to trade at $17.978 a troy ounce.
The euro remained under pressure amid mounting expectations that the ECB will embark on an outright quantitative easing program on Thursday, in a bid to stave off the threat of deflation in the euro area.
Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls further boosted demand for safe haven assets.
Elsewhere in metals trading, copper for March delivery gained 0.05% to trade at $2.593 a pound.
Read more Click Here / www.trade4x.net
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