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News: Gold lower, investors await Greece’s debt obligations

  1. Gold futures marked their lowest close in about a month as some investors lost interest in the metal on the back of a stronger U.S. dollar.

    Investors awaited the outcome of a meeting of euro-zone finance ministers on Greece’s debt obligations to help gauge the next move for financial markets.

    Gold for April delivery fell 1% to settle at US$1,219.60 an ounce on Comex. Prices, based on the most-active contracts, haven’t settled at a level this low since January 8.

    Eurozone finance ministers met in Brussels today to decide Greece’s financial fate.

    In other metals, March silver fell 0.7% to US$16.76 an ounce.

    Platinum for April delivery fell US$11.70 to end at US$1,195.60 an ounce, while March palladium tacked on US$0.85 to US$766.55 an ounce.

    High-grade copper for March delivery closed down by about a penny at US$2.541 a pound.

     

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