Gold was little changed on Thursday, hovering close to the prior session’s two-week low as investors awaited news on Greece’s talks with its international lenders to avert a default, while prospects of a U.S. interest rate hike also reined in prices.
Spot gold was steady at $1,174.90 an ounce by 0108 GMT, after losing 2.2 percent in the past four sessions. Prices fell to their lowest since June 8 at $1,171.03 on Wednesday.
Athens’s talks with creditors bogged down on details, with next week’s deadline to repay 1.6 billion euros to the International Monetary Fund looming and threatening to trigger the country’s removal from the euro zone.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015