Gold is currently trading at $1,175 which is below it's monthly average of $1,184.5. Gold's high for the month is $1,206 and Gold's low for the month is $1,163. Because of Greece default fears traders and investors are taking a flight to cash and bonds which leads to a rising U.S. Dollar.
Chart: H4
In fact seems to be losing appeal as a safe haven asset.
ReplyDeleteInteresting post!
ReplyDeleteThat was interesting to read, thank you!
ReplyDeleteVery Good post.
ReplyDeleteThank you for the analysis i'll keep an eye on it.
ReplyDeleteVery useful post.
ReplyDeletekeeps losing ground.
ReplyDeleteI agree with your point of view.
ReplyDeleteExcellent analysis.
ReplyDelete