Editor’s Picks 16 June 2015 at 4:23 GMT

Gold price tipped to climb on Grexit fears

The Sydney Morning Herald
The gold price is tipped to rise as investors use the precious metal as a hedge against fallout from Greece's debt crisis. Gold has been trading at about $1180/oz for the last week, and between $1170/oz and $1210/oz for months despite a strengthening US dollar. But it could climb as investors attempt to mitigate the risks of a possible Grexit if Athens defaults on its debt mountain. A Greek exit is also likely to prompt a fall in the euro, a flight to German bonds, a sharp selloff in European equity markets and a $233 billion loss for France and Germany.
Read full article at The Sydney Morning Herald

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