Gold was trading firmly near $1,185 an ounce on Tuesday, clinging to overnight gains as Greece’s failure to strike a deal with its creditors triggered safe-haven bids.
Spot gold was steady at $1,184.78 an ounce by 0025 GMT, after gaining 0.5 percent on Monday.
Greece and its creditors hardened their stances on Monday after the collapse of talks aimed at preventing a default and possible euro exit, prompting Germany’s EU commissioner to say the time had come to prepare for a “state of emergency”.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.