Swastika Investmart Limited

Bullion Gold expanded failures to deal close to its minimum since
March on Wednesday as its appeal as a safe-haven asset took a strike
despite the Greek debt disaster and the fall in Chinese Share markets.
Other precious metals took signs from gold, also sorting sharp failures
as the dollar grew healthier. Worldwide monetary markets have been upset
by the Greek crisis that can see Athens leave the euro area. Adding to
those jitters is the sharp sell-off in Chinese share markets. Gold,
usually seen as an alternative asset in times of monetary and financial
doubt, has failed to see important safe-haven purchasing from also of
those issues due to a stronger dollar."Gold stays aloof from any
safe-haven purchasing that may be enthused by the ongoing Greek
situation," said HSBC analyst James Steel. Safe-haven purchasing appears
to have by-passed gold in help of U.S. Treasuries and other sovereign
debt, he said.