• Gold fell

Market news

20 January 2012

Gold fell

Gold prices declined against the U.S. currency to strengthen the position to which the precious metal traditionally moves in different directions, which is caused by expectations of the outcome of negotiations in Greece.

Support the dollar has waiting the outcome of negotiations with the Greek authorities by private lenders, who on Friday to agree on the part of debt restructuring.

Dollar against the basket of six currencies of countries - major trade partners of the United States grew by 0.31% - up 80.44 points.

Cost of the February gold futures on the COMEX today declined to 1670.6 dollars per ounce, then rose to 1663.0 dollars per ounce and is now trading at 1659 dollars per ounce.

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