The gold prices finished on a dull note

[gnutrade.satya]

The gold prices finished on a dull note as Greece's debt was at downgrade. Marc Elliott, an analyst at Fairfax investment bank said: "Gold has been beaten back a bit, but it is not doing too badly. The dollar is attractive as a safety currency, but gold has that attraction too. You have the short-term, knee-jerk reaction, which is that the flight to the dollar knocks gold, but that settles down as people want a longer-term hedge."
Traders said: "The gold market continues to take trading cues from the currency markets, largely driven by Greece and other possible sovereign debt downgrades."
Gold for June delivery was at $1,142.90 an ounce on the Comex division of the New York Mercantile Exchange.