Gold trading at seven week low on Greek debt deal, China holiday

Today Gold is trading around USD 1,200-an ounce, lowest in seven weeks, metal eased after a deal was struck over Greece's debt, while the absence of major consumer China also took a toll.

Eurozone finance ministers reached an agreement to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

The deal removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area.

China is the number 2 gold consumer, which has been shut since Wednesday for the Lunar New Year holiday, removing a key support for bullion.

Suggested Reading - List of NSE Holidays.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips