Spot gold prices are trading marginally higher Tuesday after posting some moderate losses during the previous session. Spot gold ended Monday’s session $4.35 lower at $1748.65/oz spending much of the day meandering around $1750/oz before eurozone officials agreed on details to release urgently needed loans to Greece to keep the near-bankrupt economy afloat. Gold prices have been tied to a narrow trading range so far during Asian hours this morning, with the USD only moderately lower against some of its peers across FX markets. Metals brokers report no significant flows as of yet. Spot gold initially printed an intra-day low of $1748.60/oz this morning before edging higher to a high of $1751.80/oz and the precious metal now trades at $1750.20/oz, up $1.55 on the session.
EasyForexNews Research Team