While the U.S. Dollar is rising due to uncertainty over the Greek debt crisis, the yellow metal is having a hard time pushing its price above $1,180. Yesterday's low of $1,170 was the result of lack of fresh news in the market and had technical traders in charge of the situation.
Negotiations between Greece and its creditors faltered on Wednesday as the latest proposed reforms by the Greek government were rejected by EU officials.
Discussions are expected to continue Thursday morning in Brussels.
Gold price: $1,174/1,175
EUR/USD: 1.1165/1.1168
Good analysis, thank you!
ReplyDeleteGreat assessment, thank you.
ReplyDeleteVery helful information, thanks!
ReplyDeleteSeems like heading lower.
ReplyDeleteEur/Usd is back to 1.1200 level.
ReplyDeleteGood point. I'll keep a close eye on it.
ReplyDeleteGood point, now I want to be watching developments.
ReplyDelete