Gold Trading At 1161 Level, Oil Trades Lower Amid Chinese Market Concern
ICM Brokers | Jul 13, 2015 03:39AM ET
GOLD
Gold ended the week lower on Friday, as investors continued to monitor developments surrounding talks between Greece and its international creditors. Meanwhile, hopes for a last-minute deal on Greece supported sentiment after Athens submitted new reform proposals late Thursday and formally requested a new three-year bailout package from its euro zone creditors. Gold trades at 1161.
CL
Oil started trading by 70 cent down early while oil ended Friday's little changed as the continuation of Greek and Iranian negotiations, as well as concerns in China remained in focus, Market sentiment was supported amid renewed optimism that Greece would reach a deal on a new bailout with its creditors, allowing the country to remain on in the euro zone, oil trades at 51.80.
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