MW: Gold up, crude off as Greek crisis rules markets
By Greg Morcroft
NEW YORK (MarketWatch) -- Gold futures rose in morning trade on Monday as Greece's debt crisis emerged as the main driver of all markets, and the likelihood of an agreement to release the next round of relief to the country remains unreached. Gold futures GC1Z +0.30% traded up $6.60, at $1,820.90 an ounce. The unease over the Greek situation and its possible effects on the global economy weighed on crude oil prices on Monday. The oil market is also eying the two-day Federal Reserve meeting on interest rates this, at which the central bank is expected to discuss possible new attempts to stimulate growth and ease unemployment. Crude futures CL1V -1.15% in New York fell $1.14 a barrel, to $86.80.
