Gold climbs as fears over Greece knock stocks, euro

Gold rose on Monday as growing fears over the prospect of a Greek debt default battered European shares and weighed on the euro, but it failed to maintain early sharp gains as investors remained wary of its longer-term outlook. European shares tumbled more than 2 per cent and the single currency slid as Greeks woke up to shuttered banks, closed cash machines and a climate of rumours on Monday after talks between Athens and its creditors broke down. - Read more