The price of gold rising against a background of positive news from Greece and the weakening dollar. The growth of the value of gold affects the depreciation of the dollar, which fell to a basket of six currencies of countries - major trade partners of the United States and was 78.53 points. The negative dynamics of the U.S. currency has been linked with the news from Greece, where the prime minister was able to negotiate with party leaders and international lenders over the austerity measures necessary for the country to highlight the next packet financial help. Later on Thursday a meeting of the Eurogroup, in which the euro-zone finance ministers will discuss the problem of the Greek settlement of the debt.

At the same time, the markets drew attention to the news from China, where inflation fears intensified after the publication of data on the acceleration of growth in consumer prices in the country in January 2012. Consumer prices in China in January 2012 rose by 4.5% y/y, up 0.4 percentage points more than the annual inflation rate in December.

The cost of the February gold futures on the COMEX today rose to 1749.7 dollars per ounce.