Greece™s bonds and stocks fell as Prime Minister Alexis Tsipras showed little sign of backing down in a standoff with creditors as he began three days of debates on his government™s policy plans. In January, gold rose 8 percent, partly on European economic concerns.
Holdings in global exchange-traded products backed by gold increased on Friday to a four-month high, according to data compiled by Bloomberg. They have climbed 5 percent this year. The spot price of the metal priced in euros has gained 12 percent this year.
Gold futures for April delivery rose 0.6 percent to settle at $1,241.50 an ounce at 1:48 p.m. on the Comex in New York. The price dropped 2.4 percent in the previous two sessions on gains in the U.S. economy.
Greece will seek about 10 billion euros ($11.3 billion) in short-term financing in an effort to stave off a cash crunch.
Sumber : ewfpro.com
