Today’s AM fix was $1,233.50, €1,081.12 and £801.91 per ounce.
Friday’s AM fix was $1,225.75, €1,073.10 and £795.84 per ounce.
Gold rose 0.53 or $6.50 and closed at $1,228.50 an ounce Friday, while silver surged 2.55 or $0.43 closing at $17.29 an ounce. Gold finished down 0.58% for the week while silver finished strong up 3.22%.
The U.S. has a national holiday today.
Gold racked up its third session of gains Monday as safe haven demand increased ahead of Greece’s talks on the heels of a weaker dollar. In Brussels today, eurozone finance ministers meet Greek delegates again to renegotiate the terms of its 240-billion-euro bailout, as the February 28 deadline nears.
German Finance Minister Wolfgang Schaeuble’s interview with Deutschland radio noted that he was skeptical about reaching a bail-out agreement with Greece.
“From what I’ve heard about the technical discussions at the weekend, I’m very skeptical,” said Schaeuble, whose country is the biggest contributor to Greece’s 240 billion-euro ($274 billion) twin bailouts and the chief advocate of economic reforms in return for financial aid. “But we’ll get a report today and then we’ll see.”
His comments sent Greek stocks and bonds tumbling.
The cease-fire negotiated in the Ukraine is not being implemented in Debaltseve.
Chinese demand from the Shanghai Gold Exchange is being watched before China takes its week long Lunar New Year holiday beginning Wednesday.
In late London trading gold is at $1,233.83 per ounce up 0.37%, silver is $17.35 per ounce up 0.09% and platinum is $1,209.80 per ounce up 0.62%.