Precious metals headed lower (all but platinum) as the US dollar picked up a tad of energy and the euro ran into a wall of overhead resistance amid the still (!) on-going crisis. Spot gold opened $10.20 lower at $1,754 per ounce.
As a result of China data and euro-zone turmoil, the overnight action in precious metals turned towards moderate selling despite some decent regional physical offtake coming from Asia. Spot gold lost $7.10 to start the day off at the $1,667.00 bid level.