Gold increased in price during today's trading in anticipation of the head of the U.S. Federal Reserve, Janet Yellen, to take the floor in the U.S. Senate Congress.
Thus, the August futures price for gold in New York added 0.07 percent to $1 thousand 201.70 per troy ounce.
It is expected that the chairman of the U.S. Fed will address the senators of the country, and tomorrow – the representatives of the U.S. Congress. Perhaps Janet Yellen will announce the current opinion on interest rates, as up to the last meeting, held on Jen. 27-28 July, the Fed announced maintaining rates at historical lows for another long period of time.
The situation in Greece influences the value of the precious yellow metal. The authorities have prepared a list of reforms that Athens willing to carry out in exchange for program extension, according to information from the Greek government. A teleconference of Eurozone finance ministers on this issue is scheduled for Tuesday afternoon.
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