03:49 GMT +321 September 2019
Listen Live
    Gold ingots

    Gold, Silver Dip on Upbeat News From Greece and China

    © Sputnik / Pavel Lisitsyn
    Opinion
    Get short URL
    Will Gold Beat Dollar for Number One? (11)
    0 108
    Subscribe

    February futures on spot gold and silver in New York have dropped on optimistic news coming from Greece and China.

    MOSCOW (Sputnik) – February futures on spot gold and silver slid by $2.30 (0.18%) down to $1,274.60 per ounce in New York on optimistic news coming from Greece and China. 

    March futures for silver also looked down dipping 0.27% to $17.21 per ounce.

    Investor spirits were buoyed by the newly-formed Greek government of Prime Minister Alexis Tsipras’ stated desire to end the country’s debt standoff.

    In an interview with The Financial Times Greek Finance Minister Yanis Varoufakis unveiled a proposal for swapping the nation’s towering debt for growth bonds.

    He said two types of new bonds would be issued, one to be pegged on GDP growth, and the other without an exact maturity date.

    The drop in gold futures was also prompted by news coming from China, which plans to initiate a system of free-market gold pricing in March.

    The views and opinions expressed in the article do not necessarily reflect those of Sputnik.

    Topic:
    Will Gold Beat Dollar for Number One? (11)

    Related:

    Russia Continues to See Gold as Good Bet Amid Currency Turbulence
    Oil Prices Fall, Gold Hits Peak, Euro Under Pressure Ahead of ECB Meeting
    Chinese Demand, Oil Prices, Swiss Monetary Policy Behind Gold Price Rise
    Tags:
    silver, gold, prices, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik