US gold futures flat, copper up on Greek debt optimism
NEW YORK (Feb 8) U.S. gold futures were flat
Wednesday after the previous session's rally on optimism about a
bailout package for Greece to avoid debt default, and copper
contracts rose 1.5 percent.
FUNDAMENTALS
* Gold futures held steady, taking a cue from the euro's
pause after its run to a two month peak as investors bet that
Greece would finally secure a second bailout needed to avoid
default.
* Nasdaq OMX and IKON global markets launch spot gold
futures, which seek to simulate the over-the-counter spot gold
market trading.
* Copper prices surged to their highest levels in more than
a week, lifted by improved demand expectations on Greek debt
optimism.
