Gold Prices spike around the world

Gold Prices have risen across much of the world as investors react to the financial complexities of the situation in Greece.

The Guardian reveals that Gold Prices have risen in several countries, including Japan and Canada, with scepticism about the effectiveness of the Greek aid package rife.

The news provider states: "Reflecting the fact investors remain unconvinced about the effectiveness of the Greek bailout, gold was in demand around the world.

"Japanese yen-priced gold hit its highest in 27 years, according to Reuters data, while gold priced in Canadian and Australian dollars and South African rand reached its highest in five months."

Meanwhile, Reuters reveals that Gold Prices have remained steady in light of the situation in Europe.

The news provider said: "Gold was steady in the face of a rising dollar … after dropping sharply … in step with a broad sell-off in commodities and stocks fuelled by concerns of a prolonged eurozone debt crisis."

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