Dollar strength has helped subdue the gold price over the past couple of sessions, as we appear tied closely to the $1,100 level. Conflicting opinions about the Greek bailout are adding to the markets confusion, with helpful comments coming out from the Luxemburg Prime Minister, but less so from German Chancellor Merkel.

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Gold & Silver

Commodity

Level

Change

GOLD

$1,103.20

-$0.80

SILVER

$16.93

-$0.03

Market News

  • Luxemburg Prime Minister Jean-Claude Junker said that the EU will not abandon Greece amid the financial crisis
  • EU leaders meet in Brussels this week to discuss the Greek bailout - focus will be on the stance of Germany, the largest economy in the eurozone
  • The minutes from the last Bank of Japan meeting showed divisions within the group with regards to the economic outlook

Major Economic News

TIME

MARKET DATA

1400

US EXISTING HOME SALES