Arab Today, arab today breakdown of greek talks sends gold lower
Last Updated : GMT 08:54:42
Arab Today, arab today
Arab Today, arab today

Breakdown of Greek talks sends gold lower

Arab Today, arab today

Arab Today, arab today Breakdown of Greek talks sends gold lower

London - Arabstoday

Gold fell back from six-week highs yesterday after the euro came under pressure following the breakdown of talks between European finance ministers and Greece\'s private creditors. In Europe, talks between Eurozone finance ministers and private creditors over the restructuring of Greece\'s debt broke down, snuffing out a recovery rally in the euro and denting risk-related assets such as equities. The Chinese Lunar New Year holiday meant activity in the world\'s second-largest consumer of gold was absent, while activity was muted in top consumer India, where import duties on gold were nearly doubled last week. Gold\'s correlation to the euro fell to its least positive in two months, in sharp contrast to early January, when this relationship was at its most positive in two years. Spot gold was last down 0.4 per cent on the day at $1,670.00 an ounce at 1023 GMT. \"Gold is at a crossroads because ... we don\'t know if it will break towards $1,700 or back towards $1,650,\" Afshin Nabavi, head of trading at MKS Finance said, of gold\'s medium-term prospects. \"[Investor demand] is something that has been missing all through January. I think the price movement in December sort of shell-shocked a lot of investors and they will not come back into the market until they see some kind of confirmation,\" he said. Gold fell by more than 10 per cent in December, marking its second-largest monthly decline of 2011 as an investor preference for cash over most other assets in the run-up to the end of the year took its toll on the bullion price.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today breakdown of greek talks sends gold lower Arab Today, arab today breakdown of greek talks sends gold lower

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday