PT. Equityworld Futures - Gold turned higher on
Monday as France and Germany told Greece the door was open to
negotiations after Greek voters had rejected the terms of a bailout
package.
Spot goldwas up 0.2 percent at $1,169.25 an ounce by 3:08
p.m. EDT (1908 GMT), while U.S. gold futures settled up $9.70, or 0.8
percent, at $1,173.20 an ounce.
Leaders of France and Germany told
Greece's government the door for negotiations with creditors remained
open but urged it to make credible proposals at a euro zone summit to
reach a cash-for-reform deal and so avoid a euro zone exit.
Gold
prices turned higher on expectations of a statement after French
President Francois Hollande and German Chancellor Angel Merkel met to
discuss Greece, said Tai Wong, director of base and precious metals
trading for BMO Capital Markets in New York.
The Greek vote leaves
the country in uncharted waters, risking a banking collapse. Without
more emergency funding from the European Central Bank, Greece's banks
could run out of cash within days. European leaders called a summit for
Tuesday to discuss their next move.
Sumber : ewfpro.com