Gold prices remained near their lowest levels since March as a stronger dollar outweighed the precious metal’s safe have appeal.
Even with Greece and the euro zone in limbo, gold prices have declined this month, as the dollar battered the euro and some other rivals.
U.S. gold for August inched up $4 to $1155 an ounce this morning, but another downtrend could take gold to its low for the year.
Prices steadied as Greece requested a three-year bailout and new reforms.
The Wall Street Journal reports that Athens will offer some austerity measures to be implemented next week in return for financing.
The material has been provided by InstaForex Company – www.instaforex.com