FXstreet.com (Barcelona) - After reaching an intraday low below $1125 an ounce, the gold contract for June has since reversed course and is trading nearly $1137. On the day, the price of gold is just about even.
The bullion was hit hard by Friday's Goldman Sachs fallout, dropping nearly $30 in the day alone. A strengthening US dollar compared to the euro has weighed on the price of gold as well, with the Greek drama pushing the EUR/USD lower still.
Oil N' Gold lists the next support levels at 1124.20 and 1111.50. On the upside, the next levels are at 1142.70 and 1155.40.
