The precious metal stays in trading range as Greece lives on the edge of default due to tepid inflation, muted demand for gold from China and a strong U.S. dollar. Despite some early noise to the contrary, Greece's financial woes are having almost no impact on gold prices, so far.
It's not that the threat of the first country in the developed world to default is not a big deal, it's just that investors have been well warned, and there are a lot of other forces currently holding down the price of gold...............................................Full Article: Source
|