Gold prices today in Egypt and Arabic countries Tuesday 17/2/2015

Feb. 17, 2015 - PRLog -- Gold prices fell Tuesday on 17/2/2015 in global stock markets despite the failure of talks between Finance Ministers of the European Union and Greece to reach an agreement to resolve the Greek debt problem with the euro so far unscathed, making safe traditional assets fail to enhance their strength, and awaits the outcome of the Fed meeting markets (US Central Bank) tomorrow, which is expected to clarify the timing of raising interest rates in the United States. The gold price has been restricted in a narrow range between 1220-1235 dollars per ounce over the last two sessions.

Failed talks held yesterday between Finance Minister of Greece, Finance Ministers of the European Union on access to the agreement to resolve the Greek debt problem after less than a quarter of an hour to start, where Greece rejected the EU proposal to extend international rescue deal for 6 months and to comply with the terms. Greece's Finance Minister was ready to sign an agreement with creditors to give Greece additional funding for 4 to 6 months for the new budget policies.

And caused the collapse of the talks renewed concerns about Greece's exit from the euro zone after the new left-wing Government has pledged to end austerity policies and cancel the rescue package estimated at mg 240 billion euros and a lack of cooperation with the IMF and EU inspectors.

And Finance Minister Netherlands (President) Athens then have until next Friday to request the extension of the Rescue Agreement, the agreement will expire by the end of February. The European Central Bank will decide on Wednesday if it will keep the emergency financing Greek banks or not. And it is not clear how long can Greece continue without international assistance.

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The most important expected tomorrow is the result of the most recent meeting of the fed (US Central Bank) which refers to the approach of raising interest rates in the United States, which is expected to bein the middle of this year which will hurt gold and undermines the willingness of investors to buy the precious metal which is not interest-bearing.