On the Comex division of the New York Mercantile Exchange, August delivery gold fell / August rose 3.70 cents, or the equivalent of 0.32%, to trade at $ 1.154.20 an ounce during European morning trading today. Gold is likely to find support at $ 1.145.90 an ounce, the lowest price July 8 and resistance at $ 1.174.40 per ounce on the price of July 6 since.
Also in the Comex, while silver September delivery fell 8.3 cents, or the equivalent of 0.54%, to trade at $ 15.39 per ounce.
Market sentiment rose after marathon negotiations overnight, which resulted in reaching a bailout deal for Greece to avoid a financial collapse and exit from the euro zone. It will be the announcement of the details of the agreement at a news conference later in the day.
Greece accepted a series of stringent measures demanded by its creditors in exchange for a third bailout deal.
It is incumbent upon the Greek Parliament approved a package of reforms Monday and then passed several pieces of legislation by Wednesday, including reform of the pension system and the new sales tax, before the euro area agree to negotiate a new rescue package for three years.
And Greece initially opposed the two main demands of creditors about the participation of the International Monetary Fund in the new rescue plan, and the German demand for Greece to keep the 50 billion euros of state-owned assets as collateral for new loans.
The euro rose against the backdrop of the news, its highest his price at 1.1197, before falling back slightly, while the US dollar index, which tracks the performance of the greenback versus a basket of six major currencies, was last trading at 96.00, unchanged for the day.
The dollar rose after it said president of the Federal Reserve Janet Yellen in a speech Friday that the central bank on track to raise interest rates sometime this year. The comments were more tempered comments that are understanding of which he will be determined to raise the interest rate the rate in 2015.
It will be president of the Federal Reserve to appear in front of the Financial Services Committee in the House of Representatives on Wednesday. Her remarks will be closely monitored in search of more evidence about the timing of the start of raising US interest rates.
Elsewhere in the metals trade Copper September delivery fell 0.8 cents, or the equivalent of 0.3%, to trade at $ 2.530 a pound during morning trading in London. Red metal prices have fallen to its lowest level six years ago by $ 2.381 a pound on July 8.
And it showed the official trade data released Monday that contained copper to China fell in June by 2.8% from the previous month to hit 350 thousand metric tons, the lowest level in four months.
And narrow {{ecl466 ||}} trade surplus to $ 46.5 billion last month from $ 59.5 billion, where the estimates of the surplus by 55.7 billion US dollars.
It rose {{ecl595 ||}} Chinese exports increased by 595 2.8% from a year earlier, beating expectations for a decline of 0.2%, while fell {{ecl867 ||}} imports by 6.1%, better than expectations for a decline of 15.0%.
He noted the slowdown in domestic demand that the recovery in the economy is still weak and may need to hold more monetary stimulus measures.
It is that China is issuing data on the gross domestic product in the second quarter on Wednesday. Where it is also expected that the report shows the second largest economy in the world growth rate of 6.9%, down from 7.0% in the previous quarter.
Beijing has set growth target at 7.0% "in 2015 after the economy grew by 7.4% in 2014, the slowest pace in 24 years.
China is the largest consumer of copper in the world, and formed 40% of world consumption last year.