Gold price also come under pressure

This morning has seen gold come under pressure, in line with the stronger dollar, though it remains within recent ranges and has is finding solid support with some participants looking to buy on dips.

The dollar strength is very much a function of the ongoing concerns over Greece, in particular whether the €45 billion rescue facility is a cure or merely a temporary analgesic helping make the symptoms more bearable.

Malaysia Gold price also come under pressure with stronger Ringgit vs USD.

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