Analyst: Greece Issues To Send Gold To $1,400 This Year

By: Stephen Alpher,

• “The markets still appear to be anticipating some sort of last-minute deal or accounting tricks to rescue Greece,” says Capital Economics’ Julian Jessop. However, he says, it would be a mistake to believe the country is a “special case” and that others might not follow Greece out of EMU.

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• Even if Greece doesn’t leave the euro, a “further escalation of the crisis” will support the yellow metal.

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• Gold is lower by 0.85% today to $1,193 per ounce.

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