GOLD: Safe haven in times of financial and economic uncertainty

reece again failed to win a deal with its international lenders on Thursday, on Saturday will make a final attempt to reach an agreement or next week to start preparing to protect the eurozone turmoil on the financial markets.

GOLD: The yellow metal, which is often seen as a safe haven in times of financial and economic uncertainty, has lost its value over the last five sessions in anticipation of a deal on Greek debt. Prices have fallen to the lowest level since June 8 of $ 1,171.02. Expectations that the Federal Reserve will increase interest rates for the first time in almost a decade, will probably keep the price of gold this year in a narrow range.

OIL: US crude futures lower in early Asian trade on Friday, pressured by concerns over oversupply of US refined products and the impact on oil demand of probable Greek exit from the eurozone. US crude for August delivery lost value 2 cents to $ 59.68 a barrel. Brent crude for August delivery rose 17 cents to $ 63.37 a barrel, after falling by 29 cents in the previous session.

Asian stocks fell on Friday as Greece failed again to reach agreement with its creditors.