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XAU/USD: gap closes in favour of USD on 29.06.2015

On Saturday investors refused to extend Greece's bailout program and now the country fails to repay IMF almost €1.6 billion on 30 June. The Greek Prime Minister Alexis Tsipras called for a referendum on the harsh austerity measures in exchange for further support. The National Bank of Greece limited cash withdrawals and imposed restrictions to avoid capital outflow.

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