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Sunday, June 28, 2015, Ashar 14, 1422 BS, Ramadan 10, 1436 Hijr

Gold up in US on Greece talks
Published : Sunday, 28 June, 2015,  Time : 12:00 AM,  View Count : 12

CHICAGO, June 27: Gold futures on the COMEX division of the New York Mercantile Exchange edged up a little yesterday on worries of Greek debt talks this weekend as Athen is stumbling toward the June 30 payment deadline.
The most active gold contract for August delivery rose 1.4 U.S. dollars, or 0.12 per cent, to settle at 1,173.20 dollars per ounce. Gold was down 2.39 per cent from last Friday's settlement.
Traders watched closely the situation in Greece as negotiations continued between the leftist Syriza party and its international creditors.
Most analysts believed that Greece intends to remain in the eurozone, but with the deadline for a June 30 payment to the International Monetary Fund is rapidly approaching, some traders started to resort to gold as a safe haven in case a deal falls through. This lent some support to gold.    ?Xinhua

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