Greek Debt Woes Push Gold Into Bear Market

Bloomberg reported that gold is entering a bear market over worries about Greek’s economic problems.

As quoted in the market news:

Gold futures for June delivery fell 1.1 percent to $1,539.50 at 9:30 a.m. on the Comex in New York. Earlier, it slumped to $1,526.70, the lowest since Dec. 29 and 21 percent below the record $1,923.70 it touched on Sept. 6. The metal erased its gains for the year this week on May 14.

Click here to read the full Bloomberg report.