Gold settles in anticipation of talks and Greece is heading for a weekly loss

Gold settles in anticipation of talks and Greece is heading for a weekly loss



2/20/15

The price of gold was barely changed on Friday as investors awaited talks on Greece's debt, but the precious metal is heading to record a fourth consecutive weekly losses expected to reach an agreement at the last minute on the financial rescue of Greece with the program.

And settled the spot price of gold at $ 1207.60 per ounce (an ounce). The precious metal has dropped 0.5 percent on Thursday. Gold lost 1.8 percent so far this week.

And saw the gold in the beginning some demand it safe-haven investment due to continued uncertainty over Greece crisis but the market fears receded amid hopes the possibility of reaching an agreement.

The price of silver has increased 0.24 percent to $ 16.4 an ounce.

Platinum climbed 0.17 percent to $ 1167.9, while palladium fell 0.01 percent to $ 784 an ounce

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