FXstreet.com (Barcelona) - Gold rose in the Asian session to break through Wednesday's high at $1,174.00 and hit a new 4-month high $1.5 above at $1,175.50 level. The price was not driving through this bands since the big sell-off on December 4. At present, the precious metal lowered around $3 from new highs to trade at $1,172.00 area.
On Thursday, gold was halted by 1,166.00 on upbeat jobless data from the US coupled with a more relaxed situation on Greece nearing an aid package deal. In this front, a later report from the FT commented Greece had agreed to a €24 billion austerity program lengthening 3 years. Further official details are to follow in the coming days.
