Gold Spiking as Greek Finance Minister Resigns

Reports just hit the wires that the Greek Finance Minister is going to resign. This news is coinciding with a spike in gold futures as investors rush into the precious metal on a safe-haven trade. In the last few minutes, COMEX gold has shot up more than $10. At last check, the futures were trading up around 1.27% to $1,586.70. The SPDR Gold Trust ETF

has added 0.85% to $153.93.