Gold
gained for a third day, the longest run of advances in almost six
weeks, as euro-area finance ministers meet amid an impasse over Greece™s
financing.
Talks
between Greece and the rest of the euro area ended in acrimony on
Monday as officials in Athens lashed out at demands that they stick to
the previous government™s austerity program to retain financial support.
Bullion climbed more than 3 percent this year party as Greek woes
renewed demand for haven assets.
Bullion
for immediate delivery rose 0.2 percent to settle at $1,232.55 an ounce
by 5 p.m. in New York, according to Bloomberg generic pricing.
Gold
rose this year after posting two years of losses. Proettel said traders
will probably focus this week on the outlook for U.S. interest rates,
with the Federal Reserve set to release minutes of its January meeting
on Feb. 18.
Holdings
in exchange-traded products fell for a fourth day as of Feb. 13,
declining 3.2 metric tons to 1,670.7 tons, data compiled by Bloomberg
show. That capped the first weekly drop in a month after assets reached a
four-month high on Feb. 9.
Source: Bloomberg
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