The gold contract for June, the most active future, rallied in recent trading as volume begins to pick up. The bullion jumped nearly $20 in no time at all to reach an intraday high of $1155.50. The yellow metal has seemingly hit resistance at that point, trading at $1153.90 at time of writing
Gold is benefiting from a stronger Euro relative to the US dollar as the pair bounced back from recent lows today with the Greek rescue package announcement. Commodities across the board were shaken earlier in the week with a stronger US dollar caused by uncertainty around the Greek debt crisis.
