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Gold shows a lateral movement in anticipation of signing the agreement on assistance to Greece. The head of the Eurogroup Jean-Claude Juncker before the meeting of finance ministers of the eurozone, which will examine the question of granting the second tranche of financial assistance to Greece, said that he hoped that today, February 20, will be reached any agreement on this issue. Juncker noted that Greece had fulfilled many of the preparatory actions that were required of her. The leader of the Eurogroup said that some questions remain about the extent to which private lenders will be involved in reducing the debt burden of Greece. At the same time at the meeting will discuss issues on the amount of financial assistance, which should not exceed 130 billion euros.
The cost of the February gold futures on the COMEX is trading today in the range of $1733.6 - $1736.1 per ounce.
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