Gold rose Friday, recovering from its lowest level in more than two weeks, with Greece’s failure to reach an agreement with international creditors, although they raise the expectations of US interest rates limited the gains of the metal.
The price of gold increased 0.1 percent in the spot transactions, to $ 1174.2 per ounce (an ounce) by 0645 GMT,.
And the price of the yellow metal fell to its lowest level since the eighth of June at $ 1171.02 an ounce Thursday.
Greece once again failed to conclude an agreement with international creditors Thursday, paving the final attempt, Saturday, either to avoid defaults on debt next week, or the willingness to protect the euro from the financial market turbulence area.
The yellow metal, which is often considered a safe haven in times of financial and economic uncertainty, the decline in the last five sessions, amid hopes of reaching agreement on Greece’s debt.