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Gold has consolidated on expectations of a soft monetary policy in major economiesaround the world. Eurozone banks will next week bring a three-year loans the ECB is almost the same amount as in December, in an operation that can support the rally in bond markets. Demand from financial institutions in the three-year loans to the ECB, the auctionwhich is scheduled for February 29, could reach 470 billion euros ($ 629 billion).
Euro rose to a 2.5-month high against the dollar by providing financial assistance toGreece and the improvement of business sentiment in Germany. Over the weekend, will host a meeting of finance ministers, "G-20", at which they will discuss the debt crisis in the eurozone.
Demand for the physical market is reduced, as buyers put off purchases in Asia because of high prices.
The cost of the February gold futures on the COMEX today kept in the range of 1773.6 -1780.7 per ounce.
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