• Gold celebrates safe-haven demand

Market news

29 June 2015

Gold celebrates safe-haven demand

Gold advanced to $1,183.40 (+0.87%) an ounce amid safe-haven demand as Greece got no deal with its creditors. The country's bailout program and its €1.6 billion payment to the International Monetary Fund both expire on June the 30th. This puts Greece's EU membership at a serious risk.
Meanwhile Greek government imposed capital controls and announced a referendum on creditors' austerity proposals. The referendum is supposed to be held on July the 5th.

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