Gold prices dipped slightly in Asia today after Greece adopted the legislation necessary to receive rescue funds, which can re-open banks in the country and to make the necessary payments on government debt.
Gold for August delivery fell by 0.08% to $ 1,146.50 an ounce.
Silver for September delivery slipped 0.27 percent to $ 15.008 a troy ounce.
Copper for September delivery rose 0.07% to $ 2.516 per pound.
Gold, which is not related to interest rates or dividends, struggles with high-interest-bearing assets in periods of rising interest rates. The precious metal will likely continue to be under pressure and the downward trend will continue until the rise in interest rates in the US did not.
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