Gold dipping.. : )

Amidst the news of Europe and US, spot gold and U.S. gold futures dropped more than 1 percent on Monday after the U.S. dollar rallied against the euro. This is due to the influx of Europe's never-ending woes..(that of Greece's possible default)..And US dollars benefitting from it. The euro dived to a seven-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels. Continued weakness is expected.. The morning showed all markets including asian bourses were basically slaughtered..