Monday, July 22, 2013
July 19 (Bloomberg) -- Bloomberg News' Hans Nichols reports that the standoff between the U.S. and Russia is deepening as the White House refuses to confirm President Obama's commitment to a summit with Vladimir Putin that may now hang in the balance over Russia's handling of Edward Snowden's asylum request. He speaks on Bloomberg Television's "In The Loop."
Gold has just spiked above $1300/oz on the Sydney / NY Globex market open. Current price is $1312 which is approx. 1.5% up on the Comex close last Friday. Interesting to see if gold can hold above $1300 during day. The London market trading session should be the make or break for this level.