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Gold prices rose, while the euro rose to a two-week high against the dollar due toexpectations of an increase in IMF resources. Risk appetite has increased after reports that the IMF plans to double its resources by attracting $ 600 billion to help the euro zone. European shares rose to a maximum of 5.5 months, and traders meanwhile waiting for the outcome of negotiations with private creditors in Greece. Markets have also provided support for the successful outcome of auctions of government bonds in France and Spain.
Cost of the February gold futures on the COMEX today rose to 1670.6 dollars per ounce and is now trading at $1654.2 per ounce.
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