Strong day for the Greenback, Gold sharply lower.

Gold solidly lower as U.S. Dollar rallies. Gold prices have fallen below the psychological level of $1200 and the yellow metal is currently trading at the range of $1186-1189. Traders and investors do not look really optimistic about Gold early this week. The early US trading session is backing up the U.S. Dollar in part due to safe-haven demand due to Greek debt crisis. With a two-week low Gold isn't shining at the moment, but a change of events with the Greek debt burden could easily ignite the spark it needs.