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« Man Who Predicted Riots In Athens And Chaos In Markets Now Says World Hurtling Toward Full-Blown Collapse | Main | A Question About Gold »
Sunday
Feb222015

Gold slips after Greek bailout agreement

GOLD prices have fallen as a deal between Greece and its creditors took shape, easing worries about the eurozone and driving investors out of the haven metal.

Gold for April delivery, the most actively traded contract, closed down $US2.70, or 0.2 per cent, at $US1,204.90 a troy ounce on the Comex division of the New York Mercantile Exchange on Friday. Prices had hit $US1,215.30 an ounce earlier in the session, when a deal appeared less certain.

Finance ministers from the 19 eurozone countries agreed a four-month extension for Greece’s bailout in what appeared to be a breakthrough in the standoff between Athens and its creditors.

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