Gold Unruffled by Greece as Trading Range Enters Fourth Month
Gold Fluctuated in a range of about 6% of its value since March
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As global markets convulsed this week over Greece’s possible exit from the euro, gold kept doing what it’s done for most of the year: not much.
The metal is little changed this week and volatility dropped to a seven-month low as demand for a haven from Europe’s political turmoil was balanced by a stronger dollar. Private reports on Wednesday added to signs of an improving U.S. economy, curbing demand for bullion as a haven asset.