Economy

xchrom

(108,903 posts)

8. Gold, silver rise after Greek vote

Mon Feb 13, 2012, 09:13 AM

Feb 2012

http://www.marketwatch.com/story/gold-silver-rise-after-greek-vote-2012-02-13

MADRID (MarketWatch) — Gold futures gained in electronic trading Monday, with commodity and equity markets heading higher after the Greek parliament approved tough new austerity measures aimed at averting a default.

Gold for April delivery /quotes/zigman/660065 GC2J +0.50% added $8, or 0.5%, to $1,733.30 an ounce on the Comex division of the New York Mercantile Exchange during European trading hours.

Commodity and equity markets started the trading week on an upbeat note after Greek lawmakers approved a package of austerity measures required to secure emergency funds and stave off an impending default.

International backers had demanded Greece implement the reforms before they would provide the debt-stricken nation with €130 billion ($171.2 billion) in fresh aid.

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