| UBS strategist Edel Tully wondered why gold seemed to be so disconnected from the Greek crisis. He noted that "developments in Greece don't seem to be impacting gold in any meaningful way," at least relative to "how the market has reacted in the past."
Typically, gold receives a boost from financial uncertainty, as wary savers seek to transfer their wealth to a more secure commodity. But Tully said that this effect has been dampened in recent years. He attributed this trend to "headline fatigue" resulting from heavy coverage of the Greek drama. He said, "the threshold for bad news is higher and it will probably take a lot more to trigger a significant wave of gold safe haven buying."..............................................Full Article: Source
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