Market news
08.02.2012, 16:47

Gold fluctuates

The price of gold fluctuates on a background of uncertainty about the Greek government agreement with the creditors on the next package of financial support, without which the country could default in March, according to data exchanges.

Greece to restructure debt, situated at the hands of private investors, and with it to provide billions in loans to 130 EC and the IMF. If both processes are completed by 20 March, the country will be left without funds to pay off bonds for 14.5 billion euros and could default.Currently, Greek politicians are meeting to approve the final text of the agreement.

Earlier media reported that the Greek Parliament in the case of successful negotiations can take the agreement on debt restructuring and new loans the EU and the IMF as early as Sunday, February 12.

The cost of the February gold futures on the COMEX today rose to 1751.5 dollars per ounce and then dropped to 1733.6 dollars per ounce.

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