PT. Equityworld Futures - Gold futures fell below
$1,200 an ounce as Greece and European finance ministers reached an
accord on a bailout extension, eroding demand for the precious metal as a
haven.
The metal posted the fourth straight weekly decline, the
longest slump since early October. On Wednesday, the price touched
1,197.20, the lowest since Jan. 5, partly on signs of declining demand
in China. Earlier Friday, gold climbed as much as 0.6 percent after
Malta™s finance chief said a German-led bloc is willing to let Greece
leave the euro.
Gold futures for April delivery dropped 0.2
percent to settle at $1,204.90 at 1:49 p.m. on the Comex in New York.
After the close, the price touched $1,197.70.
This year, the metal
has climbed 1.8 percent as Greek turmoil spurred currency volatility.
Tension in the region also signaled sluggish economic growth, boosting
the appeal of gold as a store of value.
Sumber : ewfpro.com