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DG365FD46564GFH654FU898 Yesterday, the U.S markets were closed due to President’s Day so there weren’t any updates on gold and silver prices. Earlier today, The EU ministers of finance approve €130 billion bailout for Greece. The Euro ended up yesterday in the green as many had anticipated this news. Currently gold and silver prices are rising. Today, China flash Manufacturing PMI report will come out along with Canada’s Retails Sales and Great Britain Net borrowing. Here is a short review of the financial news and events related to metals, and an outlook for metals prices for Tuesday, February 21st: EU Finance Ministers Approved Greek Bailout The leading Euro Zone ministers of finance approved this morning after many hours of talks and discussions the second bailout plan for Greece and thus prevented Greece from reaching default on its debt in March. The ministers agreed on the measures the Greeks will have to implement in order to cuts its debt to 120.5% of its GDP by 2020. Furthermore, private bondholders agreed to take more losses on the Greek debt. There is still uncertainty whether Greece will maintain the austerity plan –there is an election in April that could chance the circumstance. In the mean
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