Gold prices traded slightly higher in electronic trading on Monday, with the dollar weak as attention stayed fixed on Greece’s debt talks in Brussels.
Gold for April delivery GCG5, +0.05% gained $4.30, or 0.3%, to $1,231.40 an ounce in electronic trading. Physical markets are closed in the U.S. for the Presidents’ Day holiday.
Gold needs to see signs of firmer physical demand in order to sustain gains, which have been just about 4% so far this year.
Tokyo (Nikkei Average NIK, -0.14% ) flat
Hong Kong (Hang Seng Index HSI, +0.38% ) up 0.3%
Shanghai (Shanghai Composite Index SHCOMP, +0.82% ) up 0.8% (at break)
Sydney (S&P/ASX 200 XJO, -0.64% ) down 0.5%
Seoul (Kospi SEU, +0.09% ) up 0.2%
Mumbai (Sensex 1, +0.14% ) closed for holiday
Taipei (Taiex Y9999, +0.35% ) closed for holiday
SINGAPORE share prices opened lower on Tuesday with the Straits Times Index down 8.32 points to 3,418.84.
Volume was 53.7 million shares worth S$54.5 million.
Losers outnumbered gainers 65 to 64.
