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- Gold paid little attention to Greece's crisis
Gold paid little attention to Greece's crisis
Gold is currently at $1,169.70 (+0.53%) an ounce. The metal does not receive much support from Greece's situation despite that it's a traditional safe-haven asset at times of economic uncertainty. Gains are limited by a strong dollar and prospects of a rate hike in the U.S. by the end of the year. Minutes of the latest FOMC meeting will be published on Wednesday afternoon. Traders are waiting for it to find clues on the future of Fed interest rates.
Today Greece Prime Minister Alexis Tsipras is expected to bring new proposals to a summit; however it is not clear whether they will differ substantially from the ones seen before.
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