Gold firmed on Monday, as the prospect of a Greek debt default hit global shares, offsetting wariness among investors over the metal’s longer-term outlook.
U.S. stocks added to a global selloff as Greece veered toward a default on its debt, while the euro recovered from early sharp loss to turn higher against the dollar.
Greece will not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday, a Greek government official told Reuters.
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