A respite in the decline of the Euro pushed the US Dollar lower, which helped move the price of gold north. Having hit three-month lows on Friday, the price of gold has remained below the $1,100 level as buyers are still hesitant about the state of European debt levels.

Market News

1. Jean Claude Trichet is reportedly leaving a Sydney meeting of central bankers early to attend the European Council meeting on Thursday
2. Greek civil servants threatened to strike on Monday in response to the government cutbacks
3. Global stock markets have pulled back in reaction to the Greek fiscal crisis, with the Dow now trading below the 10,000 level for the first time since November 4th

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