FXstreet.com (Sydney) – The price of gold rose by USD 3.05 on Friday’s close and it is currently priced at USD 1094.00.
The price of gold may be affected however, by the continued uncertainty over Greece and negative global sentiment. Markets in Asia are trading lower today as a result of China’s announcement that it will increase its banks reserves to in order to stem growth by 0.5%. Consumer prices in China grew by 1.5% in January, which is its third consecutive rise. Negative sentiments continued despite Japan’s GDP growing by an annualised 4.6%.
