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Gold is rising, while investors wait for news on the situation in Greece and the euro-zone economy. On Wednesday it was announced that two leaders of the ruling coalition parties, the Greek EU sent a written assurance to comply with loan agreements with the EU. At the same time, according to unofficial information, the media, despite the guarantees, the new international financial support for Greece's 130 billion euro, which must be provided before March 20, some may be delayed until April.
Support markets have statistical data from the eurozone, which, despite the weak figures were better than analysts' forecasts. Thus, Germany's GDP, according to preliminary estimates, declined in the fourth quarter of 2011 by 0.2% compared with the third quarter, but rose 3% year on year. The data were significantly better than analysts' expectations, the projected decrease in GDP by 0.3% q/q and increased by only 2% year. The total GDP and the euro area and EU in the fourth quarter of 2011 decreased by 0.3% in quarterly terms. Analysts had expected a decline rate of 0.4% compared with the third quarter.
The cost of the February gold futures on the COMEX today rose to 1737.0 dollars per ounce.
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