Commodities global outlook: Greece’s measures to lift its economy and its effect on gold prices

 

commodities, currency, Greece, gold, ETF,

 

Weighing gold on Greece’s balance beam. Gold being one of the top commodity investments, can be affected by Greece’s parliament decision to pass one of the two austerity measures on Wednesday.

 

There seems to be a strong appeal on gold’s safe haven even after the fact, due to the need of Greece’s restructuring economy.Gold’s flow through major ETF’s between March and June has increased.

 

For more information, please read Gold dips as Greek progress offsets dollar lift

 

For more information on commodities, check out Commodities Week USA 2011

 
 
 

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