The United States Comex gold futures were down 0.96 percent in Q2 compared to -2.92 percent for the Dollar Index, 0.28 percent for the Standard&Poors 500 Index, and -5.25 percent for the Euro Stoxx 50 Index. For the month of June, the gold futures and the Dollar Index were down similarly by 1.48 percent and 1.47 percent respectively.
The S&P 500 Index however dropped 1.94 percent while the Euro Stoxx Index fell 3.82 percent. As the Greece saga heat up this week, both the gold prices and the Dollar Index were almost flat while the stock prices globally tanked.
Since last Friday, the ten-year German Bund yield fell 16bp to 0.762 percent on Tuesday while the ten-year Italian bond yield rose 18bp to 2.327 percent.
The ten-year U.S. Treasury bond yield rallied 12bp this week to 2.35 percent. The VIX, the fear index, surged from a low of 12.11 percent last Tuesday to currently 18.23 percent, a jump of 50 percent.