27.01.2015 - Gold Eases as Greece Uncertainty Fades
Gold prices fell Monday, as investors took profits on the metal’s recent rally after a victorious antiausterity party in Greece didn’t appear inclined to take the country out of the eurozone. Gold for February delivery, the most actively traded contract, closed down $13.20, or 1%, at $1,279.40 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit $1,307.80 an ounce last week, their highest level since August, in part on worries that if the leftist Syriza party won Sunday’s election, party leaders would want Greece to exit the eurozone. Some investors like to shift their money to gold in turbulent times...............................................Full Article: Source
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