Gold clung to gains after Greece was facing bankruptcy

Gold held gains today after a two-day rally, as investors used it as a safe haven in anticipation that Greece did not fulfill their obligations to the IMF, which raises questions about their future in the eurozone.
The spot market gold was little changed at $ 1,179.86 an ounce after receiving 0.6% in the last two sessions.
South African gold producers on Monday suggested increase of up to 13% for the lowest paid workers against claims more than 100% since the setting of tough negotiations.
Probably the price of gold to increase during today as investors are determined to use it as a refuge to more positive news from Greece.

Crude oil prices dipped in Asian session today as investors focused less on supply and demand due Turning to geopolitical concerns from Greece to Iran.
A last-minute series of phone calls and proposals failed to reach a solution to Greece's debt. Asian session opened today, setting the stage for volatile markets.
Crude for August delivery fell 0.13% to $ 58.26 a barrel.
Today, the American Petroleum Institute will release its survey of crude oil stocks in the US and refined products at the end of last week.