| Risk aversion dominated energy and commodity markets in Asian trade Monday as prices fell sharply, led by oil and industrial metals, on heightened fears of Greece’s exit from the eurozone. Even gold, traditionally viewed as a safe-haven by investors, failed to live up to that epithet as a broad-based selloff hit the markets.
On Sunday, Greeks overwhelmingly voted against their international creditors’ conditions for further bailout aid, adding to uncertainty around the country’s eurozone membership and heightening risks of market contagion. “Markets are due for a bumpy ride as the face-off ensues,” Singapore-based Phillip Futures said...............................................Full Article: Source
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