Gold retreated with the recovery of the dollar and attention on Greece's negotiations

Feb. 20, 2015 - PRLog -- Gold prices fell Friday on 20/2/2015 in global stock markets compared with the prices today after the rise of the dollar index, a basket of major currencies after positive unemployment data and amid renewed investor fears about the latest face on Greece rescue plan, dealers also have the careful observations of Honwana in the minutes of the meeting of the fed (US Central Bank) to the latest meetings, held on 27 and 28 January.

The gold price fell Wednesday to their lowest level in six weeks at 1197.56 following the issuance of the record $ US Central Bank through which the fear of policy makers to raise interest rates to double the growth of the US economy, which investors assets other risks.

And although the Fed minutes did not give a specific time to raise interest rates and shows not hastening it in decision-making but dealers returned to the belief that the Central Bank might change its policy soon to raise interest rates by next June.

And issued today positive data on weekly jobless claims in the United States by 283 a request, which is less than the previous reading when it requested 304 000 less than expectations of 293 thousand request.

And the US dollar index against a basket of major currencies by 0.1%.

And still the market in anticipation of what will Greece mechanism with the European Union on the resolution of the debt problem, where today is the last chance for the Greek Government also issued at the previous meeting of the request for the extension of the rescue plan, otherwise you'll end up financial rescue agreement by the end of February.

Gold price in global stock exchanges

Spot Gold traded Friday 20/2/2015 by 7: 40 GMT at a low level of $ 1207.10 opening 1207.65 with 0.05% and achieved the top price of $ 1210.06 and $ 1205.81 price. And the expected trading range between $ 1,182 support point to point resistance at $ 1,224. With the likelihood of downward trend until the penetration levels of 1224 and 1238.30 which may stimulate gold to climb and gain again.

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